Property ID : PS38.15
For Sale $310,000.00 - Cafe-Coffee Shop, Restaurant
- Local diner with a long standing good reputation in the community.
- Breakfast, lunch and dinner 7 days a week.
- Great operation for a family business.
ASSETS/FIXTURES/EQUIPMENT: Included in the asking price:
- Furniture, Fixtures and Equipment Fair Market Installed valued at $20,000.
- Inventory at cost of $ 10,000
- Real Estate at a fair market value of $ 200,000
- A 3,053 Total Square Foot 2-Story Building on .14 acres
- Has a 956 Square Foot Basement for storage
- The Building is in great condition with a 2 bedroom apartment located upstairs.
- Street parking for the business and tenant.
SALES AND SDE: (Including $ 8,100 per year Apartment Rental Income)
2015 2014 2013
- Reported Sales $ 248,421 $ 266,665 $ 284,406
- SDE $ 52,947 $ 48,464 $ 52,017
SDE (Seller’s Discretionary Earnings)
The Asking Price is $310,000 for the business and the real estate.
This is an outstanding opportunity for an owner-operator to have an existing well-known, local diner business with real estate. Events are held close to this village diner. The events, and the local following contribute to the stability and association to the local community.