Plate of Margherite Biscuit with Espresso

TYPE OF BUSINESS: Very Popular Cafe located in the Twin City area, serving breakfast, lunch and dinner six days a week, breakfast only on Sunday. They’re known for their homemade pastries, breads, desserts, soups and stone baked pizzas. The business was established over 20 years ago.  The current owner has developed a loyal customer base. Owner works all aspects of the business but spends most of his time in the Kitchen. Because of management and staff in place he can leave for weeks at a time. Hours: Monday – Saturday 7:00a.m. to 9:00p.m.; Sunday 8:00a.m. to 2:00p.m. They have a beer and wine license and have started a catering service in the area that has taken off. The potential to grow this business is tremendous. A new owner could extend business hours on Sunday and expand the catering to more than just lunches.

FACILITY: This business currently operates out of a 3,200 square feet and is able to seat approximately 65 customers. The feel of the cafe’s decor is very warm. Monthly rent is $2,100.00. The owner indicates that landlord will work with the new owner on a lease.

EMPLOYEES:  Owner Operator with 2 full-time and 20 part-time employees.

EQUIPMENT: Included in price:  Furniture, Fixtures and Equipment valued at approximately $50,000.  Inventory approximately $7,500.

GROSS SALES: Gross sales for 2015 were $646,019. Gross sales for 2014 were $641,290. Cash Flow in 2015 to an owner operator was approximately $61,000.

ASKING PRICE: The owner is asking $160,000. This is a turn key operation and a perfect opportunity for someone who wants an established business with great growth potential.

REASON FOR SALE:  Retirement.