PRICE REDUCED! Submit all reasonable offers! Busy Downtown Lunch Cafe, turnkey ready with a remodel in 2017. Nationally recognized "Top 100 Hidden Gems in the USA" (Jan 2019). This opportunity is available as the successful owner/chef is retiring. The attractive storefront is on a busy street with lots of street parking and benefits from strong lunch business due to downtown location. Immediate upside to expand hours (currently open 5 days for lunch) with dinner and or breakfast. Over the last year 1,000 new residential units have been completed within a half mile radius of the restaurant. Within the next 12 to 18 months, approximately 2,000 more residential units will come on line. The establishment is suitable for a wide variety of food uses. Employees unaware of sale. Back of the house inspection by appointment only. Revenue is projected on 2019 sales

General Info

  • OrganizationCorporation
  • Established2016
  • Current Owner2016
  • Employees6 PT
  • Reason For SaleRetirement

Facilities

  • Seating32 and 8 patio
  • Square Feet1050
  • ParkingStreet
  • LicensesABC 41; Co. Health permit; City business license.
  • Open HoursMonday-Friday 11a-3p

Lease

  • Rent$4130 includes $334 NNN
  • Expiration10/15/21
  • Yearly Increase4%
  • Option3 year adjusted at 4%
  • Deposit$1,500

Financials

  • Monthly Revenue$41,037
  • Monthly Cash Flow$5,249
  • Annual Revenue$492,444
  • Annual Cash Flow$62,988
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location