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Established Cafe/grocer/brand Flagship Available In Brooklyn For Sale

Brooklyn, New York, US
Asking Price:
$1,075,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,960,000
Cash Flow:
Available on request

Own one of the most interesting and profitable concepts in all of NYC.

Upstate Stock is a unique concept built on the idea that the manufacturing industry that once was New York State's backbone is still alive and vibrant. The retail aspect of the company is a showcase for high quality NY made goods as well an outlet to sell the brands hundreds of NY made items direct to the consumer at very high margins. On top of that the store has a cafe portion that has grown into one of the most respected coffee shops in all of New York with incredible volume matching any of the largest coffee titans in the state.

Property Information

Real Estate:

Lease

Lease Terms:

currently 6 years remaining and a sale can be dependent on a new 10 year lease.

Lease Rent:
$90 per sq ft per annum
Location:

We

Size in square feet:
1,400

Business Operation

Expansion Potential:

The store grows at a fast pace and there are opportunities to increase that will added food service and delivery. There is also the potential for multiple more franchises with the support of the brand providing inventory at very high margins.

Competition / Market:

Our market is very broad with appeal to coffee loves, tourists, and the local community at large. Our closest competitors are not in NY at the moment and include Foxtrot Market and Erwehon.

Reasons for selling:

The owner wishes to focus on the other aspects of the business.

Trading hours:

7-7

Employees:
9
Years established:
2016

Other Information

Support & training:

The most unique aspect of this business is that all Upstate Stock made products will be made available to the purchaser at a discount off of wholesale that will ensure excellent margins on very large categories. The sale of the store will come with 1 month of hands on training and all policy and procedure will be in written format.

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

At least 50% of total cost upfront with remaining payment being drawn out over multiple years at a very low interest rate.

Furniture / Fixtures value:
$150,000 - included in the asking price
Inventory / Stock value:
$75,000 - included in the asking price
Website:
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