* Included in Asking Price
Successful café, espresso, ice cream shop located on an active commercial avenue in Northern New Jersey. A warm attractive decor awaits you in this established, unique cafe in a busy downtown setting with great sales and wonderful reviews. The cafe has become known for its homemade high quality frozen desserts making it a friendly and enjoyable experience. This popular local family-oriented café serves specialty desserts with a full espresso and coffee bar. They offer many sweet treats to choose from including their delicious pastries, and ice cream. They are proud to offer healthy gourmet treats with wonderful flavors. They use the highest quality ingredients and they strive to provide their customers with a wonderful experience at an affordable price. Located in a prime highly visible downtown location with lots of foot traffic and located near theaters, and retail business center with plenty of indoor and outdoor seasonal seating and easy parking on the street in front or in rear parking lot. This is a profitable (mostly-cash), clean & simple operation to learn, teach and run. This food industry does not require government licensing approval to purchase or operate other than the municipal food handlers license. This company has two-part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $480. The business has an assignable commercial lease which expires 2020-01-01, plus additional options, with a monthly rent of $2,391, all in, cost per square foot is estimated at $33.75 and rent security of approximately $4,2,00. The business is in a free stranding commercial facility, on an active county road, consists of approximately 850 square feet and has an estimated capacity for fifteen customers. The business fixed assets has an estimated value of approximately $58,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped café dessert retail store, which includes, required licenses, displays, shelving, POS system, tables, computers, software including refrigeration & freezer units, POS system, displays, shelving, tables, computers, including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate municipal parking on site as part of the commercial lease. This successful café business operation is active seven days per week, with hours from
12:00 pm to 9:00 pm. The sale includes all required documentation including a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. The 2017 yearly gross income is $100,000 and the business has a yearly net income of approximately $35,000 based on an onsite owner operator and prior to any debt service. The business has been priced / valued at $89,900 based on a multiple of the net yearly income which includes the value of the specific business assets. Also, seller financing may be available to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this business opportunity.
|Facilities:||The café consists of approximately 850 square foot, retail shop located on an active commercial avenue with many other successful businesses. The business location is in Northern New Jersey, Bergen County, which consists of various affluent and highly populated communities with continued demand for this food product.|
|Competition:||Limited competitors presently exist in the industry, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.|
|Growth Potential:||The business presently has a limited marketing plan, basic web site and if improved can further develop the business yearly gross sales. The new operator can also expand efforts to participate in events and fairs, promote the Ice cream & Gelato cake sales; expand early morning operating hours (which will increase the coffee, Espresso drinks & pasty sales. Open additional Days (off season) and additional products added to the offering.|
|Training/Support:||The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.|
|Seller Financing:||To be determined.|
|Sale Reason:||The sale is due to the owner retirement after many years in this business.|
Seller Reference #FF346
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