2 Cafes in Westchester County - Fortune 500 Clientele, Nearly 0 Rent

White Plains, NY (Westchester County)

2 Cafes in Westchester County - Fortune 500 Clientele, Nearly 0 Rent

Asking Price:$539,000

Cash Flow:$26

Gross Revenue:$980,000





*not included in asking price.

2 Cafes in Westchester County - Fortune 500 Clientele, Nearly 0 Rent

Get Financing Save Print Share Valuation Report

Business Description

The numbers on this listing are for both cafes combined. Each cafe can be sold separately or together. You may view the individual numbers for each cafe below:

Unusual lease situation where the rent is nearly ZERO. Two cafes within walking distance for sale together or separately. Run like well-oiled machines by an experienced family that have been in the restaurant business for generations. Both operate only during the 5 business days for breakfast and lunch. Both are situated on the lobby level of Class A commercial buildings housing Fortune 500 companies and government entities. Both have dedicated and loyal employees that have been with them from the beginning of time. Many opportunities to expand and grow for the new buyer. Please see below for each:

First Cafe:

Purchase price is $379k separately, cash flow of $160,000+ with rent of $33.33 per month (not missing any zero’s). 2,900 SF newly built out space selling breakfast and lunch with beer and wine license. They also sell lotto and cigarettes. Catering and deliveries to office tenants in the building as well as the vicinity. Also comes with a big outdoor seating area.

Inventory: $10,000 (not included in asking price)
FFE: $25,000 (included in asking price)
Established: 2004
Hours: M-F 7:30 to 4pm
Building Size: 2,900 sq. ft.
Employees: 6 full time, 2 part time

Second Cafe:

Purchase price is $160k separately, cash flow of $105,000+ with rent of $0. However, there is no lease other than a 90 day termination clause. The owners have been operating for the last 8 years and the landlord would want them to stay forever due to their exceptional service. 8,000SF of cafe and seating space on the lobby level. They serve breakfast and lunch 5 days a week. They are the exclusive caterers for all the public spaces in the building, approximately 5 other corporate function rooms including a huge auditorium. They hold a beer and wine catering license and the demand is high with their calendar booked 6 months in advance. Exceptionally loyal employees who would like to stay on.

Inventory: $8,000 (not included in asking price)
Established: 1986
Hours: M-F 7 to 3pm
Building size: 8,000 sq. ft.
Employees: 5 full time

Down payment TBD

Detailed Information

Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Has beer and wine license
Reason for Selling:

Listing Statistics for Premium Members

Ad#:1258797 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Carol Shin

Business Listed By:
Carol Shin

Inbar Group Inc - Business Brokers

Show Phone Number

View My Listings

Sponsoring Broker:
Jay M. Inbar

Find out more...

Get more details about this business.

Similar Listings

The Pizza Press

Franchise Opportunity In NY
Capital Required: $245,000