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Business Sales & Acquisitions

Coffee Shop/Diner

Price: $350,000

Location: New York, New York

Industry: Food and Restaurants

Listing ID: 00184

Located on a  prestigious avenue on Manhattan’s Upper East Side, this Coffee Shop/Diner is the only one of it’s kind in this neighborhood. With seating for 59,  it has been serving volumes of regulars as well as street traffic for over 40 years.

Gross Revenues average $35,000/week

Payroll is $10,000/week including p/r tax.

Rent is $28,500/month + Real Estate Tax of  $5,500/month = $34,000/month.

Owner recently renewed his lease for 6 years, but Buyer can negotiate a new lease with additional time.

Landlord will only approve buyer with similar experience and who able to provide  Proof of Funds for at least $500,000.

Listing Details

Gross Revenue: $1,800,000

Cash Flow: $350,000

FFE: $50,000

Inventory: $5,000

Training & Support:

Will provide as needed.

Operation

Year Established: 1976

Employees: 14

Location

Square Footage: 2400

Facilities Information:

Located on a highly recognizable Avenue on the Upper East Side where no competition exists nearby. Ground space is 1200sf plus a full size basement for storage including a walk-in freezer and refrigerator.

Full kitchen and seating for 59.

Summary

Competition:

The only one of its kind in the neighborhood.