Price Reduced - Buyer Very Motivated / Make an Offer

Andover, MA (Essex County)

Seller Financing Available
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Asking Price: Get Financing: $475,000

Cash Flow: $130,000

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: $75,000

Inventory: $12,000

Lease Rate: $14 /SF/Year

Established: 2010

Price Reduced - Buyer Very Motivated / Make an Offer

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Business Description

Price Reduced - Buyer Very Motivated / Make an Offer

This Café serves breakfast, lunch & a wide variety of house made baked goodies and provides catering services to the local businesses in the area.
This is a highly profitable business that has great potential for growth and a perfect opportunity for an owner operator to maximize profitability. The business is completely turn key with over $90,000.00 in restaurant equipment and inventory.
The Café has a below market lease, a fully trained staff of long-term employees and the owner is willing to work with the buyer to provide a very smooth transition of ownership without any interruption to the daily business.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,200
Lease Expiration:
10/31/2023
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Cafe is 2200+/- sq' with additional storage in the basement. It has excellent street visibility with great curb appeal. Its open seven days a week with busy morning & lunch crowds. The rent is at an unbelievable rate of $2500 a month including CAM, taxes, insurance & HVAC maintenance & replacement.
Competition:
The Cafe is located on a busy street amongst small companies and many offices which provides a steady flow of walk-in customers as well as a loyal base of officeworkers in the same building. The owners have strong long term-term relationships with their corporate clients.
Growth & Expansion:
New owners could offer delivery service and catering to local businesses. An increase in marketing dollars spent would support this growth. New owners could also add new locations in nearby towns that have similar demographics where many customers know the brand.
Support & Training:
The owner is willing to work with the buyer to provide a very smoothtransition of ownership without any interruption to the daily business. The owner will also turn over all recipes and all files needed for day to day operations and will share alll operational systems used daily.
Reason for Selling:
seller has other business interests
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Vincent Cicerchia

Business Listed By:
Vincent Cicerchia

Commonwealth Restaurant Brokers LLC

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