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
Gross Revenue: $660,000
Cash Flow: $130,000
FFE: $150,000 (Included in Price)
Reason For Sale:
Training & Support:
Will provide as necessary.
Year Established: 2015
Days & Hours of Operation: 7 days, 8am to 8pm
Lease Option: 10 years
Monthly Rent: $ 10,200
Square Footage: 3000
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.
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.