Property ID : SB40.10/SPL25.355
For Sale $70,000.00 - Restaurant
DESCRIPTION:
• For sale is a Popular and Well-Known East Side Village Cafe
• It has been owned and operated by the same owner successfully for over 20 years
• It has a very loyal clientele
• Premise size is 900 square feet with some additional space for outside dining
• It has a very low overhead cost
• Open Daley for lunch and breakfast Monday – Friday 6 AM to 2 PM and Saturday 6 AM to 11 AM
• The current casual menu consists of an award-winning fish fry ranked recently as number one in the county
• There is plenty of well-lit parking available with easy entrance access
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)
• Furniture, Fixtures, and Equipment at a fair market installed value of $ 10,000
• Inventory at cost of $ 1,000
LEASE ARRANGEMENTS:
The current gross rent is $1150 a month. The buyer of this Café will be able to obtain a new lease
agreement with the landlord
SALES AND SELLERS DISCRETIONARY EARNINGS:
2019 2018 2017
Sales: $236,194 $190,440 $172,239
SDE: 50,142 31,193 27,688
PRICE/FINACING
The Asking price is $70,000 Owner financing is available to a qualified buyer with at least 50 % down
COMMENTS:
After 20 years, the current operator is looking to retire. This is an ideal owner-operator situation with unlimited
potential.
There is very little competition within the village, and by expanding hours and being open on Sunday could
increase sales 30-40% easily.
