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Nicely Renovated & Profitable Café & Grill

Monmouth County, NJ

Nicely Renovated & Profitable Café & Grill
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Asking Price: $219,000

Cash Flow: $108,364

Gross Revenue: $350,000

EBITDA: N/A

FF&E: $85,000

Inventory: $5,000

Established: 1993

Nicely Renovated & Profitable Café & Grill

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Business Description

Nicely-renovated Cafe off a major thoroughfare going through many towns. Specializing in breakfast, lunch, & catering. Does a high volume of catering to beach clubs during the summer months. Many great reviews on ezCater & Google websites! Seller owns another higher end unrelated business & can’t devote enough time. Run semi-absentee so an owner-operator/cook can take it to a much higher level. Strip mall parking. FURNITURE, FIXTURES, & EQUIPMENT of $85,000 included in sale. All are in very good condition. New qualified tenant can get a great long term lease situation like the owner has. Contact Seth Kain@ 201-317-4710 for additional details.

Detailed Information

Location:
Monmouth County, NJ
Inventory:
Included in asking price
Employees:
2 F/T 6 P/T
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1,200 square feet. The café has a very modern feel to it with all the Furniture, Fixtures, & Equipment in excellent or very good condition. Owner originally got a (5) year lease along with a (3) five year options. There’s still (4) years left along with two (5) year options. New qualified owner can get a re-assigned lease. There’s plenty of free strip mall parking.
Competition:
There aren’t any nearby café’s to this restaurant. There are a couple of nearby diners. But this café has a much wider “organic” menu than both of them. The café also does a wide variety of catering that very few are café or luncheonettes do.
Growth & Expansion:
A new owner should try to increase their catering sales during the other roughly 8 months. The bulk of their catering is from late May through early September. A new owner should also try to do some additional delivering besides just for catering orders. Some local “voucher” advertising & promotion to area residents would be a plus to assist in boosting cash flow.
Support & Training:
Seller will provide a minimum of (2) weeks training at no cost to the Buyer.
Reason for Selling:
Seller owns another more lucrative business. Doesn’t have enough time to devote
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(from currently available funds)
 
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Seth Kain

Business Listed By:
Seth Kain

Executive Business Brokers

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Sponsoring Broker:
Larry Bodner

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