Cafe with 3 Center City Locations and Catering **LOI**
Price
$650,000
Location
Philadelphia, Pennsylvania
Industry
Food and Restaurants
Listing ID
11082024
**Under LOI**This is an opportunity to purchase a Philadelphia restaurant brand with three PRIME café locations in Center City and catering services as well. The company started in 2014 by two Philadelphia entrepreneurs that saw an opportunity. There was no one serving a delicious deli-style sandwich alongside a great cup of coffee in a cozy atmosphere. Dreams became reality and the first location opened in 2014. The second opened in 2018 and the third in 2019. Each cafe combines a contemporary style with a comforting, familiar touch along side the traditional characteristics of quick-casual service restaurants, including: Food / Beverage:
• A large central counter and ordering area with posted menus.
• Customers’ orders are assembled on demand and customized as requested
• They pay prior to receiving their food and they have the options to carry out or dine in
• There is limited table service and no waitstaff required, keeping labor costs streamlined
• Each location offers online ordering with curb-side pick up or carry out
• Each location offers inside and outside seating
They serve their own signature line of gourmet coffee and a full menu of coffee-house style espresso drinks. The food menu focuses on familiar favorites such as deli-style sandwiches, paninis, signature salads and sweets. Food is always freshly prepared and it’s full of healthy vegetarian, vegan, gluten free and family friendly options
They lease highly visible prime real estate in the Old City, City Hall and Center City West neighborhoods providing optimal visibility for both cafe customers and their catering services.
Location #1: 998 rentable square feet
Location #2: 1,717 square feet
Location #3: 1,313 square feet
Extend hours of operation • Expand Philadelphia operations by opening additional locations • Explore using delivery apps • Franchising • Implementing new industry specific tech
Price: $650,000
Location: Philadelphia, Pennsylvania
Industry: Food and Restaurants
Listing ID: 11082024
**Under LOI**This is an opportunity to purchase a Philadelphia restaurant brand with three PRIME café locations in Center City and catering services as well. The company started in 2014 by two Philadelphia entrepreneurs that saw an opportunity. There was no one serving a delicious deli-style sandwich alongside a great cup of coffee in a cozy atmosphere. Dreams became reality and the first location opened in 2014. The second opened in 2018 and the third in 2019. Each cafe combines a contemporary style with a comforting, familiar touch along side the traditional characteristics of quick-casual service restaurants, including: Food / Beverage:
• A large central counter and ordering area with posted menus.
• Customers’ orders are assembled on demand and customized as requested
• They pay prior to receiving their food and they have the options to carry out or dine in
• There is limited table service and no waitstaff required, keeping labor costs streamlined
• Each location offers online ordering with curb-side pick up or carry out
• Each location offers inside and outside seating
They serve their own signature line of gourmet coffee and a full menu of coffee-house style espresso drinks. The food menu focuses on familiar favorites such as deli-style sandwiches, paninis, signature salads and sweets. Food is always freshly prepared and it’s full of healthy vegetarian, vegan, gluten free and family friendly options
Gross Revenue: $1,600,000
Cash Flow: $250,000
Inventory: $30,000
Year Established: 2014
Days & Hours of Operation: Varies by location
Employees: 10
Facilities Information: They lease highly visible prime real estate in the Old City, City Hall and Center City West neighborhoods providing optimal visibility for both cafe customers and their catering services.
Location #1: 998 rentable square feet
Location #2: 1,717 square feet
Location #3: 1,313 square feet
Potential Growth: Extend hours of operation • Expand Philadelphia operations by opening additional locations • Explore using delivery apps • Franchising • Implementing new industry specific tech
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New York, NY 10001
Price
$650,000
Location
Philadelphia, Pennsylvania
Industry
Food and Restaurants
Listing ID
11082024
**Under LOI**This is an opportunity to purchase a Philadelphia restaurant brand with three PRIME café locations in Center City and catering services as well. The company started in 2014 by two Philadelphia entrepreneurs that saw an opportunity. There was no one serving a delicious deli-style sandwich alongside a great cup of coffee in a cozy atmosphere. Dreams became reality and the first location opened in 2014. The second opened in 2018 and the third in 2019.
Each cafe combines a contemporary style with a comforting, familiar touch along side the traditional characteristics of quick-casual service restaurants, including:
• A large central counter and ordering area with posted menus.
• Customers’ orders are assembled on demand and customized as requested
• They pay prior to receiving their food and they have the options to carry out or dine in
• There is limited table service and no waitstaff required, keeping labor costs streamlined
• Each location offers online ordering with curb-side pick up or carry out
• Each location offers inside and outside seating
Food / Beverage:
They serve their own signature line of gourmet coffee and a full menu of coffee-house style espresso drinks. The food menu focuses on familiar favorites such as deli-style sandwiches, paninis, signature salads and sweets. Food is always freshly prepared and it’s full of healthy vegetarian, vegan, gluten free and family friendly options
They lease highly visible prime real estate in the Old City, City Hall and Center City West neighborhoods providing optimal visibility for both cafe customers and their catering services.
Location #1: 998 rentable square feet
Location #2: 1,717 square feet
Location #3: 1,313 square feet
Extend hours of operation • Expand Philadelphia operations by opening additional locations • Explore using delivery apps • Franchising • Implementing new industry specific tech
Main Office
Administration and Mail
209 West 29th Street
Suite 318
New York, NY 10001
Phone: 212-473-5000
Connecticut Office - Hartford
1245 Farmington Ave
Suite #302
West Hartford, CT 06107
Phone: 860-474-8000
Pennsylvania Office - Pittsburgh
1001 Liberty Ave, 5th Floor
Pittsburgh, PA 15222
Phone: (215) 461-5000
Pennsylvania Office - Philadelphia
Two Liberty Place
50 South 16th Street
17th floor
Philadelphia, PA 19102
Phone: 215-388-2334
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