* Included in Asking Price
Price Reduced $99k Gourmet Cafe With Beer & Wine. Great Location, Busy Area Close To Yosemite Park
Asking Price: $99,000
Location: Groveland, Tuolumne County, California
Yearly Revenue: $360,000
Yearly Cash Flow: $42,000
Monthly Rent: $1,900
Established in 2008, this husband and wife team have developed a strong business with a huge reputation with both locals and tourists. Even during the drought years this business grew 11%. 2015 grew 15%, while in 2016 sales were in excess of $300,000 with a healthy net profit. Annually, 4 million tourists visit Yosemite Park and this is a bustling town so close to the park which swells with visitors seasonally from March to November. There is so much a new owner could develop including the extension into the evening hours especially during the summer months. Currently only open 5 days a week, 8am - 5pm and 6pm on weekends, this cafe could offer early evening dinner service and capitalize on the frequent demand. The many Motels nearby would feed the extra business and with it''s low overhead and rent, the cafe would greatly benefit from this dinner service. The equipment is extensive with convection ovens, many worktops, upright fridges and freezers, 2 microwave ovens and an appealing refigerated service counter with commercial espresso coffee machine and refrigerated counters. The well appointed cafe seats 49 comfortably with a further 16 seats on the patio plus a large bonus basement for storage. This is a quality business for those wishing to escape the city life and enjoy good value housing while owning and operating this long established Cafe business. With monthly rent at only $1,900 and other low fixed costs this cafe business is great value at only$99,000. 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, photo’s and financial & 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 + Patio and Basement | 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 | Yearly Cash Flow: $42,000 |
Monthly Rent: $1,900 | Lease Expiration: 2017 | Lease Option: New Lease Negotiable | Security Deposit: 6000 |
Seller Reference #2508
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