Cafe Luncheonette
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $275000
Net Profit / Cash Flow $65000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2007
Number of Employees 1 - 3
Inventory 125000 Equipment & 1200 Inventory
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will supply a full transitional period and will remain post closing for thirty days.
Reason for Sale Seller has an alternative business that requires his out of the immediate area.
Description Great business opportunity to own this popular Luncheonette & Coffee Shop in a high traffic urban area of Northern New Jersey, in the city of Hackensack. The city consist of a major commercial shopping area, County Court House, train station and numerous office buildings. The business offers a breakfast and lunch menu in this City with continued demand for this type of food service. Additionally the business is known for its specialty in Coffee and frees WI-FI service. Th facility is 1,950 square feet with and a seating capacity for forty nine (49) customers. The facility has attractive outdoor seating during the warmer months and a clean attractive image. The business is located in an active downtown section close to the county court house and library with numerous other commercial businesses which attract several of shoppers, daily workers, professionals and students. Based on the asking price, required down payment and net income this business should supply a 35% return to the owner operator prior to debt service.
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