MergerPlace

Renovated & Profitable Café & Grill

New Jersey (Monmouth)


  • Asking Price: $219,000
  • Gross Income: $350,000
  • Cash Flow: $108,364
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $85,000
  • Listing ID: #205554
  • Established: 25
  • Employees: 2 F/T 6 P/T

Business Description

Nicely-renovated Cafe off a major thoroughfare going through many towns. Specializing in breakfast, lunch, & catering. Does a high volume of catering to beach clubs during the summer months. Many great reviews on ezCater & Google websites! Seller owns another higher end unrelated business & can’t devote enough time. Run semi-absentee so an owner-operator/cook can take it to a much higher level. Strip mall parking. FURNITURE, FIXTURES, & EQUIPMENT of $85,000 included in sale. All are in very good condition. New qualified tenant can get a great long term lease situation like the owner has. Contact Seth Kain@ 201-317-4710 for additional details.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: New Jersey
County: Monmouth

Company Information

Year Established: 25
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 F/T 6 P/T

Financial Information

Asking Price: $219,000
Gross Revenue: $350,000
Cash Flow: $108,364
FF&E: $85,000
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

1,200 square feet. The café has a very modern feel to it with all the Furniture, Fixtures, & Equipment in excellent or very good condition. Owner originally got a (5) year lease along with a (3) five year options. There’s still (4) years left along with two (5) year options. New qualified owner can get a re-assigned lease. There’s plenty of free strip mall parking.

Growth & expansion opportunities:

A new owner should try to increase their catering sales during the other roughly 8 months. The bulk of their catering is from late May through early September. A new owner should also try to do some additional delivering besides just for catering orders. Some local “voucher” advertising & promotion to area residents would be a plus to assist in boosting cash flow.

Competition:

There aren’t any nearby café’s to this restaurant. There are a couple of nearby diners. But this café has a much wider “organic” menu than both of them. The café also does a wide variety of catering that very few are café or luncheonettes do.

Reason for selling:

Seller owns another more lucrative business. Doesn’t have enough time to devote to this business.

Support & Training:

Seller will provide a minimum of (2) weeks training at no cost to the Buyer.

Contact Business Seller

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Business Listed By:

Seth Kain

Executive Business Brokers