Wonderful opportunity to own this attractive bakery on an active county road located in a highly populated community of Kearny, New Jersey. The business has a gross income of $150,000 and a consistent net yearly income of $37,000. This is an attractive modern long-standing bakery conveniently located. A steady stream of loyal regulars is serviced along with lots of daily shoppers and workers eager to sample the numerous cafe goods. The café offers an assortment of coffee, breakfast products, cookies, and pastry, including an assortment of cakes. All foods originate from the finest natural ingredients. Their coffee is exceptional, and they place careful efforts to obtain the best quality beans. This café has been family owned and operated since 1999 and over the past years, they have provided the area with exceptional customer service and high-quality goods. This is a dependable 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 prior to debt service.
- Asking Price:
- $99,900 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $150,000
- Cash Flow:
- $37,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
The landlord will assign a new 10-year lease, $1,339 monthly rent all in, Rent Security $2,250.
- Leasehold Rent:
-
$16,068 per annum
- Lease Rent:
- $13 per sq ft per annum
- Location:
-
The business facility consists of an attractive retail store with an interior space of approximately 1,260 square feet. The facility also has a clean modern appearance with all upgraded equipment. The Cafe is located on an active commercial avenue in a modern mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Hudson County, which consists of various affluent communities with continued demand for this food product.
- Size in square feet:
- 1
Business Operation
- Expansion Potential:
-
The business presently has a limited marketing plan, no wholesale service, and a basic web site, which if improved can further develop the business’s bottom line net income. Additionally, improving the menu items will increase future sales
- Competition / Market:
-
To the best of our knowledge, no other new competitors are expected near to this business and the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
- Reasons for selling:
-
The landlord will assign a new 10-year lease, $1,339 monthly rent all in, Rent Security $2,250.
- Trading hours:
-
The business is active seven days with hours from 7 am to 7pm.
- Employees:
- The cafe business has 1 part-time and 1 full-time employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll of approximately $1,200.
- Years established:
- 2000
Other Information
- Support & training:
-
The owner will remain post-closing for an appropriate time to supply a transitional period to the new operator. Additionally, the owner is prepared to accept a part time employee position post-closing.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Seller financing is available.
- Furniture / Fixtures value:
- $50,000 - included in the asking price
- Inventory / Stock value:
- $500 - included in the asking price
