This business is SBA loan approved so for buyer's with good credit and at least 5 years restaurant experience a 10 year 75% loan is available thereby buyers need only $58,000 down. The present owners have built a highly successful cafe/sandwich business in the past 6 years. The rent is extremely low at $1.50 per sq ft and a new long term lease can be negotiated with the landlord. Easy daytime only hours at present, 7.30am - 2pm, so there is able scope to increase business especially in this booming tourist town. Highly visible location on the main blvd with good signage. The restaurant has 40 seats but also has a tremendous established 'ToGo' business. All the equipment is fully owned and there are no leased items. The kitchen has an 8ft type 1 hood with updated fire suppression system, large Garland flattop with double ovens, 4 burner stove with oven and wall mounted salamander plus refrigerated prep table and additional work surface. Ample storage and rear door delivery entrance. The nicely decorated dining room and well appointed server station with two 2 group Espresso machines and coffee grinders and large kitchen window allows for an efficient, streamline service. There are good books and records with verifiable financials available and all the staff are in place showing with good revenues and provable cash-flow. The owner will train the buyer to successfully operate this business so complete the 'Non Disclosure Agreement' on our website and we'll send you the name and address of this business opportunity along with full financial information, lease & list of equipment included with the sale. We'll also send you the Broker's contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationLLC
  • Established1990
  • Current Owner2013
  • Employees9
  • Reason For SaleOther Interests

Facilities

  • Seating40
  • Square Feet1500
  • Parking10 & parking lot close by
  • LicensesHealth, Business & ABC Type 41 Licenses
  • Open HoursContact For Info

Lease

  • Rent$2,250 Including NNN
  • ExpirationNew Lease Negotiable
  • Yearly IncreaseContact For Info
  • OptionNew Lease Negotiable
  • Deposit2250

Financials

  • Monthly Revenue$32,918
  • Monthly Cash Flow$7,000
  • Annual Revenue$395,014
  • Annual Cash Flow$84,000
  • Payroll$$11,432

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