MergerPlace

Café/Gift Shop in Geneva, New York

Geneva, New York (Ontario)


  • Asking Price: $85,000
  • Gross Income: $274,485
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: $50,000
  • FF&E: $25,000
  • Listing ID: #209762
  • Established: 2012
  • Employees: 2 FT / 5 PT

Business Description

A solid, local icon café/gift shop at the centerpiece of the ongoing Geneva renaissance. Gift and card shop featuring handcrafted items from regional artisans and Finger Lakes themed gifts, with a restaurant featuring a variety of beverages—anything from shakes to coffee to beer and wine—for breakfast and lunch until 5 p.m. Fabulous breakfast and lunch menus. Fine reputation. Excellent customer service.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: New York
Metropolitan Area: Geneva
County: Ontario

Company Information

Year Established: 2012
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT / 5 PT

Financial Information

Asking Price: $85,000
Gross Revenue: $274,485
FF&E: $25,000
Inventory: $50,000
Seller Financing Available: Yes

Property Information

Facilities:

2,500 sq. ft. building. Ground floor occupancy. Large immaculate kitchen with up-to-date equipment, all in excellent condition. $1,900/month lease plus $50/month towards garbage and recycling costs. Rent includes heat expenses for boiler that services whole building.

Growth & expansion opportunities:

(i) New point of sale system, (ii) Cut credit card fees 50%, (iii) Pre- and post-opening efficiencies, (iv) New food offerings, (v) Refocus on music, (vi) Working with weekly street closure of nearby Linden Street, (vii) Expanding into evening hours, (viii) Catering, (ix) Staying open for the nearby Smith Opera House events, and (x) Hosting of events and groups.

Competition:

Local competitors include regional/national stores such as Wegmans, Dunkin’ Donuts, Tim Hortons and local stores including HJ Stead, Opus and Monaco’s. However, this shop has a prime downtown location exposed to lots of foot traffic.

Reason for selling:

Personal health issues

Support & Training:

The seller offers a minimum of 4 weeks of training to provide for a smooth transition.

Contact Business Seller

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Business Listed By:

Blair Sibley

Klassen Ingalls