MergerPlace

Destination & Well Established Deli/Cafe

North Carolina (Orange)


  • Asking Price: $249,500
  • Gross Income: $554,364
  • Cash Flow: $42,274
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $13,000
  • Listing ID: #206486
  • Established: 2009
  • Employees: 6 FT/ 4 PT

Business Description

Established in 2009, this Deli/Cafe has been serving customers a tasty breakfast and lunch six days a week.
This cozy deli/cafe, located in a downtown pedestrian area, has been featured in the NY Times and won numerous "best of " awards in the local press. It is a favorite eating destination for this community of families, students and professionals. Customers are drawn to this Deli/Cafe for its Southern-style fare, including freshly made biscuits, mouthwatering sandwiches, warm soups and did we mention biscuits?
15 Seats inside, 18 seats on outside Patio
Currently Open Tuesday through Sunday, customers flock to this cozy eatery.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: North Carolina
County: Orange

Company Information

Year Established: 2009
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 6 FT/ 4 PT

Financial Information

Asking Price: $249,500
Gross Revenue: $554,364
Cash Flow: $42,274
FF&E: $13,000
Seller Financing Available: Yes

Property Information

Facilities:

Leased 1,200 sq ft space, monthly rent is $2,400. Some indoor seating (15 seats). Patio seating and picnic tables outside (18).

Growth & expansion opportunities:

Currently, the Business is open six days a week, (Closed Monday), could open Monday - Currently serving breakfast and lunch, adding dinner likely adds considerably to revenue -A new owner can increase sales by expanding the menu and hours to accommodate dinner: · Promote and expand catering · Obtain a beer and wine license · Launch a marketing campaign (current owners have done little to no marketing in the past two years) Expand social media reach add an App?!?!

Competition:

There is a good deal of competition in this business and in this geography. This business is perceived as a high quality supplier in its market segment. Has a loyal following.

Reason for selling:

Owner would like to spend more time creating foods rather than owning and running a business.

Support & Training:

Will train for 4 weeks @ no cost. Knowledge and experience with food and/or restaurant business would be very helpful.

Contact Business Seller

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Business Listed By:

Don Emmett

Murphy Business Brokers