While this is being listed and sold as an asset sale, the name, trademark, website, recipes and other branded items related to the business "may" be available at time of offer/sale. This is an excellent opportunity to avoid the hassles of permitting and build-out as well as losing money and experiencing cash flow issues while you are trying to build customers and volume. All of that has been done for you.
With sales verifiable at $900k+ per year, there is already a very established base to build on. There is ALWAYS a wait on the weekends for breakfast/brunch and more efficient seating could decrease wait times and substantially increase tables turns, sales and profit. In addition, there are two large office buildings across the street providing an opportunity to develop a lunch delivery business.
The dining room is warm and inviting and is tastefully done with reclaimed wood, booths, tables and a counter seating area also doubling as a bar. It could easily be a gastro-pub. There is a 20' hood with versatile equipment capable of producing most any menu or type of food. Line equipment includes: char-broiler, flat griddle. 2 double basket fryers, double convection oven, 6 burner stove with oven, 2 burners and a salamander/cheese melter.
There is a type 41 beer & wine license that is definitely being under utilized.
The 1500 sq feet is very manageable yet has the capability of producing serious sales and profit. While no books will be provided, sales are verifiable at $900,000 and with rent at $64,400 or 7.2% of gross sales, if you were to run your prime costs of 60% for food and labor this could quickly turn into a cash cow and you could possibly pay back your investment in less than 1 year.
Partnership dispute forces sale and their loss is your gain.
Additional Points:
Turnkey - be up and running the day escrow closes.
Interior could easily be a tap room or gastro-pub.
Nearly 1000 Yelp, Trip-Advisor and Face-Book reviews averaging more than 4.5 out of 5 stars.
Currently serving breakfast, lunch & dinner 7 days a week.
Population | 1-mi. | 3-mi. | 5-mi |
---|---|---|---|
2014 Total Population | 31,448 | 252,382 | 779,335 |
Households | 1-mi. | 3-mi. | 5-mi |
2010 Number Of Households | 12,452 | 74,947 | 230,661 |
2010 Persons Per Household | 2.49 | 3.26 | 3.26 |
Median House Value | $487,300 | $354,546 | $359,200 |
Income Per Household | $71,645 | $55,439 | $56,872 |
Businesses | 1-mi. | 3-mi. | 5-mi |
2009 Number Of Businesses | 937 | 4,191 | 11,749 |
2012 Number Of Employees | 26,926 | 153,802 | 407,122 |
2012 Total Annual Payroll | $843,221,000 | $3,898,033,000 | $4,294,967,295 |
Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it. In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business. Owning a business is a risky venture, but can also be a rewarding one. The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User. DRE License # 01339409.