| Asking Price |
$1,050,000 | Inventory |
$65,000* |
|---|---|---|---|
| Gross Income |
$1,855,000 | Real Estate |
|
| Cash Flow |
$210,000 | Year Established | 2007 |
| FF&E |
$850,000* | Employees | 40+ |
* included in the asking price
** not included in the asking price
The Cafe has seating capacity of 79 plus 11 at the bar. It has a full liquer license, live world class music on weekends, fully equiped DJ booth and quality art throughout the resturant. Over $875,000 was spent on equipment, furniture and leasehold improvements. in additional $75,000 was spent in start up expenses honing the recipes, training personnel and numerous other costs that would not be incurred going forward. Open from 5:00PM to 1:00 AM. The Cafe has a private Dining Room equiped with a full commerical kitchen. The room can seat 40 for dinner events and 60 reception style. An average of 17 events are held monthly. Management is also experminting with lunch. The Cafe has a emailing list of over 2,300 names, a twitter site with hundreds of followers and a face book page that keeps the public informed of it's music events Sales were over $2,100,000 the first year and only receded to $1,855,000 due to the ecomic down turn. the cafe would yeild over $210,000 annually to an owner/ operator. The restaurants are fully stocked and can be taken over seamlessly.
Facilities: Resturant opened 2.5 years ago with all new equipment and leaseholds. Over $850,000 spent
Competition: Highly respected respected neighborhood institution as well as a destination restaurant
Growth/Expansion: Could also be opened for lunch and or breakfast
Support/Training: Will support and train for up to a month
Reason Selling: Other interests

Jim Sippl
612 669 5218
Sippl & Assoc.
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