$375,000 for this popular Breakfast and Lunch Cafe is located within a historic building, circa 1897. Situated in the center of town by the town square. The walls are lined with attractive brick which adds great character and the whole restaurant has been lovingly restored to a high standard by the current owners. Open from 7.30am - 1pm Daily, closed on Tuesday so there is huge growth potential for a new owner to also be a dinner house. The expansion of a dinner menu with the ABC type 41 beer and wine license included should add further income. There is a modern kitchen with ample prep and storage/refrigeration rooms, a 55-seater dining room and a huge basement with a new HVAC system and ample storage with fully ADA compliant Bathrooms. This is 'THE' locals favorite 'Go To' spot. The kitchen has a 10ft Type 1 hood with fire suppression system, deep fryer, flattop, char broiler, 6 burner stove with oven, two refrigerated worktops, steam table and ample shelves, all fully tiled for ease of maintenance. The prep room and food storage areas have many upright refrigerators and freezers leading to the 1,000 sq ft basement for storage, With the addition of a walk-in the basement where many beer tap handles could be added, giving a real cozy evening atmosphere. The dining room has a seated bar, server's station and tables & chairs with antique memorabilia on the walls and a beautiful double fronted entrance. Annualized 2022 sales revenues are over $800k and profits are expected to be $160k with ample scope to increase even more. 1600 sq ft of first floor with a 800 sq ft basement for a monthly rent of $4,200 with no NNN charges. This is a great opportunity for a chef and partner team looking for their first business while making a name for themselves or an experienced restaurant owner looking to expand. To receive full details of this opportunity please complete the 'Confidential Information' request at the top of this page and we'll send you the name, address, photos and financial & lease information. We will also send you the broker's agent contact information so you can discuss in more detail.

General Info

  • OrganizationLLC
  • Established1995
  • Current Owner2017
  • Employees14
  • Reason For SaleOther Interests

Facilities

  • Seating55
  • Square Feet2,438
  • ParkingLarge Parking Lot
  • LicensesABC Type 41, Health Permit & Business License
  • Open Hours7.30am - 1.30pm Daily - Closed Tuesdays

Lease

  • Rent$4,202
  • Expiration2025
  • Yearly IncreaseContact for Info
  • Option5 Year Option
  • Deposit$3,260

Financials

  • Monthly Revenue$70,800
  • Monthly Cash Flow$13,333
  • Annual Revenue$850,000
  • Annual Cash Flow$160,000
  • Payroll24,800

Financing

  • Down PaymentContact For Info
  • Note BalanceContact 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.

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