Location: Manhattan -- Upper East Side
Industry: Food and Restaurants
Listing ID: 00227
Serving delicious desserts accompanied by coffees and teas, this business was started with a branding concept in mind. But after just one year, the absentee owner has been given an opportunity out of the country and has decided to move and sell this turn-key dessert bar after having invested in a beautiful build-out. After only 1 year and as an absentee owner, he has a small profit with great expectations for a buyer, especially one interested in participating in the day to day running of the business. With a little marketing in the high-end neighborhood it’s located in, the business will flourish.
Gross Revenue: $408,000
Cash Flow: $36,000
FFE: $80,000 (Included in Price)
Reason For Sale:
Moving out of country.
Training & Support:
Will provide as necessary.
Year Established: 2018
Days & Hours of Operation: 7 days, 7 am to 10 pm
Absentee Owner?: Yes
Monthly Rent: 11400
Square Footage: 1500
Brand new build-out with room to spare for additional seating,but most of the patrons line up to buy coffee and dessert and leave for work or order deliveries. The ground floor is 1,150 sf and the basement is 350 sf with a walk-in box and 2 refrigerators.
After just one year the revenues keep escalating. Marketing in this high-end neighborhood will pay off big time.