A modern styled Asian-Fusion quick service cafe is for sale in a busy strip mall located in the affluent Marin county city of Novato.  This 1400sf space is counter service with ample booth seating and an exhibition kitchen serves a range of items including, Boba Tea, Coffee Drinks, Poke, Rice Bowls, Banh Mi and much more.  It is located in a very busy strip mall with anchor tenants that include Safeway, Rite Aid, Starbucks, a Gym and even a gas station.   The space is fully equipped with an extensive list of equipment. A full equipment list can be provided upon request.    Sales have increased annually given the 4-star rating on Yelp, and ongoing support from the affluent, family focused community on Novato.   A new owner-operator could increase sales and profits, or bring their own similar inspired concept to the complex.  Please reach out for a full equipment list and to set up a tour at this location, at this price will not last long!

General Info

  • OrganizationLLC
  • Established2019
  • Current Owner2019
  • Employees12
  • Reason For SaleOther Interests

Facilities

  • Seating25 +/-
  • Square Feet1,400
  • ParkingMall parking lot
  • LicensesContact for Info
  • Open Hours1130am-7pm Daily

Lease

  • Rent$6,336 + NNNs + 5%Rent above 1.52mil in sales
  • ExpirationNew Lease will be Created
  • Yearly IncreaseContact For Info
  • Option1-7year
  • Deposit$6,153.75

Financials

  • Monthly Revenue$54,534
  • Monthly Cash FlowContact for Info
  • Annual Revenue$642,405
  • Annual Cash FlowContact for Info
  • Payroll$18,590

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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