* Included in Asking Price
This café is the rural town dream! If you are an up and coming entrepreneur or someone at a point in your life looking for a laid back lifestyle surrounded by the town talk, this is where you want to be.
Located on the main street of a beautiful town in the Annapolis Valley of Nova Scotia, the café offers fresh, local and organic food and tea. It also has a liquor license to allow the café to serve local wine and beer, as well as some more popular products. The cafe also operates a business catering operation that has the potential to grow exponentially with leadership and commitment.
With a large open space, the café can host a variety of events to draw in customers from the region. With plans to begin their first event soon, the owner hopes to create a schedule of events that will continue to attract and retain loyal customers. This provides a great opportunity for an incoming entrepreneur to exploit the benefits of this untapped marketing tool, as well as to have some fun along the way.
The current owner runs another business, and is very hands off in the day-to-day operations of the café. For the entrepreneur that wants to take an existing business and put their time and energy into taking it to a higher level, there could be tremendous value found in this opportunity.
Highlights of the Business and Operations:
· Seating for 65. In the summer there is an additional 10 seats outside. With planned additions of a patio and alleyway seating for this summer, there can be an expected 6-12 additional seats.
· Extensive local supplier network.
· Ample room for marketing efforts, as not many have been utilized to date.
· A new 5-year lease to be signed for July 2016.
Financial Information :
Revenue in 2015: $370,153
Gross Profit in 2015: $251,357
Seller’s Discretionary Earnings in 2015: To be disclosed soon.
Projections for 2016 are for 15% growth, or better. Call today to find out what is shaking in this town!
Real Estate / Lease :
Property is in exceptional condition.
3,309 square feet of leased premises. 1,809 square feet on the main level and 1,500 square feet in the basement.
5 year lease renewal, starting June 2016, will be $20,508 ($1,709/month).
Seller Reference #1092
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