* Included in Asking Price
Busy Gourmet Cafe With Beer And Wine License In Tourist Resort City Close To Yosemite National Park.
Asking Price: $125,000
Location: Groveland, Tuolumne County, California
Yearly Revenue: $360,000
Yearly Cash Flow: Contact For Info
Monthly Rent: $1,900
This busy cafe is located on the main thoroughfare of this tourist resort city at the gateway to Yosemite National Park. Annually, 2 million tourists visit Yosemite Park and this bustling town close by swells with visitors from March to November. Under the same ownership since 2008 this husband and wife team have developed a strong business with a high reputation with both locals and tourists. Even during the drought years the business grew 11%. This year growth is even stronger at 15%. 2016 sales will be in excess of $300,000 with a healthy net profit. There is so much a new owner could develop including the menu and extend the evening open hours especially in the summer months. Currently only open 8am - 5pm, and 6pm on weekends, this cafe could offer early evening dinners and capitalize on the frequent demand for quality evening meals. Hotels nearby would feed the extra business and with it''s low overhead the cafe would benefit greatly. There is no kitchen hood but one could be added. The equipment is extensive with convection ovens, refrigerated worktops, upright fridges and freezers with an appealing service counter with large Espresso coffee machine and refrigerated counters. Seating 49 in the cafe and a further 16 on the patio at the front and a small parking lot to the rear plus a bonus basement storage. This is a nice business for those wishing to escape the city life and traffic and enjoy modern good value housing while earning profits from a high profile, good sized Cafe. With rent at only 7.5% of sales this cafe business is well priced to sell at $125,000. This is a prime example of a clean, well run turn key business catering to the locals and many seasonal tourists. 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, financials & lease information. We will also send you the broker’s agent contact information so you can discuss in more detail.
Organization: Corporation | Year Established: 1935 | Current Owner: 2008 | Employees: 7 | Seating: 49 | Square Footage: 1700 | Parking: Small parking lot and Public parking | Licenses Required: Health, Business and ABC Type 41 License | Reason For Sale: Other Interests |
Yearly Revenues: $360,000 |
Monthly Rent: $1,900 | Lease Expiration: 2017 | Lease Option: New Lease Negotiable | Security Deposit: 6000 |
Seller Reference #2508
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