Property Details

Cafe and Deli - Cortland County

Property ID : WSD24.236

For Sale $129,000.00 - Cafe-Coffee Shop, Restaurant

DESCRIPTION:

  • A Café and Deli  in operation for over four years
  • Located on a busy street in the Greater Syracuse NY area
  • There is a large college nearby where many students are their customers
  • Has two levels of 3,000 total square feet with seating for 30
  • Serves breakfast and lunches with a large variety of bagels, bagel sandwiches, wraps, paninis, salads, specialty sandwiches, breakfast dishes, specialty coffees and teas, smoothies, and much more
  • Currently has a staff of 5 part-time employees assisting the full-time owner
  • Currently is open seven days a week between 7 AM – 4 PM
  • There is a tremendous wholesale and franchise opportunity to increase sales and profits

ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)

  • Furniture, Fixtures, and Equipment Fair Market installed value of $ 48,500
  • Inventory at Seller’s cost of $ 5,500          

 LEASE OPTIONS:

  • Gross Rent is $ 1,350 a month with an additional $ 100 a month in triple net charge
  • The current lease expires on 10/31/2019 with an option to renew for another 5 years

SALES and SDE:

                      1-1 thru 6-13-2018 (6 months)         2017                  2016

Sales:                         $ 180,946                     $ 388,319          $ 409,974

SDE:                           $   50,377                     $   73,687          $   60,922

PRICE/FINANCING:

The Asking Price is $ 129,000.

 COMMENTS:

This is a well-established business in a great neighborhood in the Greater Syracuse NY area. It is a very busy and well-liked Cafe and Deli. The name may need to be modified

Agent Stephen DiPaolo

Steve november 2017
  • Office : 585-247-4750

Stephen DiPaolo was the owner of Aries Precision Products in Rochester NY for 22 years,…
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