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Listed by:

Regal Consulting Corp.

Cafe Fast Food Dw In Somerset County For Sale

Somerset County, New Jersey, US
Asking Price:
$149,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$242,439
Cash Flow:
$46,552

ULtramodern, the absentee owner for this café specialty coffee, refreshing drinks, sandwiches & salads. This is a well-known three-year-old ultra-modern café known for fresh sandwiches made in small batches and moderate prices, which is convenient for their many customers. They also offer tasty salads made with fresh ingredients.

They have wonderful choices of specialty coffees, teas, and other refreshing drinks. The business operation has a warm, relaxing, and friendly environment. They use only specialty coffee and brew and prepare for the best quality. Their teas come from Master Tea Blenders and all are made to order. 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 wonderful opportunity for a new owner-operator.

The 2022 yearly gross income as represented by the owner is estimated at $238,332.86 and the business has a consistent yearly net income of $46,542 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2023 income is expected to be greater than the previous year.

A formal due diligence is recommended by the broker. The business has been priced at $169,000 which is based on a multiple of the average net yearly income, with consideration of the particular business assets. Seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Property Information

Real Estate:

Lease

Lease Terms:

Lease and terms; this business transaction will offer an assignable commercial lease which expires 2025-01-01, plus additional options available, with a monthly rent of $3,800, cost per square foot is approximately $15.50 and rent security is required.

Leasehold Rent:

$45,600 per annum

Lease Rent:
$27 per sq ft per annum
Location:

This business opportunity is in central New Jersey, Middlesex County on a highly active county road. This business facility is in a commercial mall with many other companies, consists of approximately 1,700 square feet with a modern, attractive, and professional appearance. The business has a capacity for forty-five customers with lots of seating.

Size in square feet:
1,700

Business Operation

Expansion Potential:

Regarding growth and expansion, the retail company can be further developed with a full-time owner operator, delivery and improving the marketing and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.

Competition / Market:

Regarding competition, to the best of our knowledge, 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.

Reasons for selling:

The purpose of this business transaction is due to the owner absenteeism from this operation.

Trading hours:

Days Hours of operation; this business is active seven days per week, with hours from 8:00 am to 7:00 pm.

Employees:
Regarding employees and payroll; this café business consist of eight parttime employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $8,000.
Years established:
2019

Other Information

Support & training:

Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Furniture / Fixtures value:
$90,000 - included in the asking price
Inventory / Stock value:
$1,000 - included in the asking price