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European Style Cafe With Sidewalk Seating And Upside For Sale

New York County, New York
Asking Price:
$240,000 (USD)
Sales Revenue:
$416,000 (USD)
Cash Flow:
$60,000 (USD)

This European-Style Cafe was established in 2016 in one of the coolest sections of Manhattan. It is about to experience its first full season with sidewalk seating (for 18), which should boost both sales & profits year over year. Open 7am-7pm seven days/week, the cafe offers Italian coffee, French pastries and artisanal sandwiches with a relaxed vibe that makes its customers feel at home. It is located on a main avenue and just one block away from an express & local subway station. The variety of espresso drinks and daily brews coffee both hot and cold are made with Bristot coffee beans. Using a custom-made espresso Italian machine La Spaziale, the cafe gives its customers the perfect espresso experience. French butter, French flour, and French water: three magic ingredients to create the best pastries ever. All its pastries are carefully sourced and imported from the Champagne region in France. Baked every morning and throughout the day so that they preserve their crispy golden envelope and melting tasty heart, this makes customers fall in love at the first bite. The cafe makes its sandwiches the only way a sandwich should be made: crafted to order. To provide its customers the best tasting experience, it uses its signature recipes and the freshest ingredients, including imported meats and cheeses. All employees are on the books and making at least minimum wage. Assuming you intend to manage the business yourself full-time, you can expect to put at least $60K in your pocket and probably more, given that, when the owner is present, customer service almost always improves, as does cash management. This concept has franchise potential. The seller has other business interests to which he must give more of his focus now. He will, however, give you all the transitional support & training you need. Please do not speak with any employees or customers when visiting this location and do not ask to speak with the owner. Kindly contact the listing broker, Jay Goldman, at 917-912-3282 to make an appointment to meet with the owner and get a full tour of the facilities.

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Property Information

Size in square feet:
500

Business Operation

Reasons for selling:

The seller has other business interests to which he must give more focus now.

Employees:
1
Years established:
2

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

180,000.00 Down & $60,000.00 at 7% over 24 months

Furniture / Fixtures value:
$20,000 (USD)
Inventory / Stock value:
$25,000 (USD)

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