Profitable Café and Catering Business w Ample Goodwill

Harding County, NM

Profitable Café and Catering Business w Ample Goodwill
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Asking Price: $242,000

Cash Flow: $89,701

Gross Revenue: $1,759,815

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Profitable Café and Catering Business w Ample Goodwill

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Business Description

Profitable Café and Catering Business w Ample Goodwill, Open 20+ Years on Main St. Location

RRC#: 3366
Asking Price: Offered At $242,000
Location: Solano County
Annual Revenue: $1,759,815
Annual Cash Flow: $89,701
Monthly Rent: $7,500

Listing Description:
The historic main street location oozes charm in this tight knit community. The cafe, event space & catering business has been operating for over 20 years. It’s now YOUR turn to buy and operate this popular café and catering business. The owners have created a constant flow of local business with thoughtful menus, design comforts and live music, events and catering. Located in the heart of this downtown East Bay community, the business’s goodwill and client base is strong. With large customer data base files, catering contacts, entertainment contacts, a loyal following, and a great veteran staff you will be set up for success. The catering business includes a large amount of catering & event equipment, and a FORD Econoline CATERING VAN. The owners no longer work on site, thus a great owner operator could really expand profits by growing the catering and event sales. While the upstairs is currently used for special events, it could be modified to sublease to a residential tenant with minor alterations. The lease has a five year option to commence and run through June 2024. A base rent of $7500 on this two business in one location. Recent major upgrades included a new mop sink area, with new floors and FRP walls, a new electric tankless water heater for the upstairs space and more.

General Information:
Organization: Inc
Established: 1997
Current Owner: 1997
Employees: 35
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $146,651
Monthly Cash Flow: $7,475.08
Annual Revenue: $1,759,815
Annual Cash Flow: $89,701
Payroll: $51,996
Monthly Revenue: $146,651
Monthly Cash Flow: $7,475.08

Detailed Information

Location:
Harding County, NM
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Contact the Seller

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Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA

Business Listed By:
Steven D. Zimmerman

Restaurant Realty Company

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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