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Coffee Bar/Bakery (Absentee) – Organic/Natural/Vegan Options

Price: $250,000

Location: New York, New York

Industry: Food and Restaurants

Listing ID: 1464700

A community go-to bakery/coffee bar where millennials gather for breakfast, brunch, lunch and dinner made to order.  Select from a mouthwatering variety of pastries like cinnamon rolls and muffins, sandwiches, grain bowls, pizza flats, gluten-free scones, cakes to order, cookies, eggs benedict, chicken and waffles and much more from this mouthwatering menu.  All food is fresh and baked in-house using organic and locally sourced ingredients.  They didn’t forget gluten-free and vegan customers either.  Wine and beer license.

OWNER GOT ALL THE KINKS OUT DURING THE FIRST 2 YEARS OF BUSINESS AND CAN SAFELY SAY IT’S PARTIALLY ABSENTEE OWNERSHIP

Listing Details

Gross Revenue: $660,000

Cash Flow: $130,000

FFE: $150,000 (Included in Price)

Inventory: $5,000

Reason For Sale:

Health issues.

Training & Support:

Will provide as necessary.

Operation

Year Established: 2015

Days & Hours of Operation: 7 days, 8am to 8pm

Employees: 16

Location

Lease Option: 10 years

Monthly Rent: $ 10,200

Square Footage: 3000

Facilities Information:

Brand new must see multi-level build-out with full baking, cooking and display capabilities encased in a 3,000sf space with seating for 70.

Outside seating is allowed in the lease. The storefront is approximately 28' across. Seller has a 10 year lease + a 10 year option to renew.

Summary

Potential Growth:

Students from Columbia University’s Manhattanville campus are flocking to this northwestern Manhattan neighborhood.  Yes, the millennials are coming and revitalizing this area — day by day, hour by hour.  In addition, discussions are ongoing to convert a landmark building nearby as a community space for the arts, local retail, housing, etc.