Hot Listing

Established Cafe since 2009,Low Cost, Low Rent, Good Growth Potential

Asking Price$35,000

Cash Flow
$64,980
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$64,980

Inventory$2,000
Included in asking price
FF&E$15,000
Included in asking price
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Hot Listing

Established Cafe since 2009,Low Cost, Low Rent, Good Growth Potential


Asking Price$35,000

Cash Flow
$64,980
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$64,980

Inventory$2,000
Included in asking price
FF&E$15,000
Included in asking price
Business Description
Established, charming cafe for sale in downtown Wilmington. Our customer base consists of professional bankers, office workers, policemen, lawyers and bus drivers; The cafe is located in a beautiful, historic lobby of a prominent bank. The low rent with no utilities is a huge plus to simplify your business. With creativity and energy, there is growth potential. You can enjoy your weekends off as the building is closed. A security team is on site 24/7. The bank handles all maintenance issues within the cafe (not equipment) as well as the closely located bathrooms and fire extinguisher. A great start-up for a new entrepreneur!!
About the Business
Years in Operation
16
Number of Employees
2
Facilities & Assets
697 sq. ft of cafe which can overflow into the lobby for cafe tables. This cafe is located in the Lobby of an established bank in the heart of downtown Wilmington, Delaware. A captive audience of professional bank employees exist right above the cafe and numerous potential customers in the surrounding buildings. Turn-key operation and all equip. is incl. to start on Day One. We are currently on a mo. to mo. lease. Our rent of $340 includes all util. (water, electricity, internet). New Lease terms will be negotiated with the Corporate Office.
Opportunities for Growth
An additional 150 personnel moving into the building this Fall. In the neighboring building, an additional 400 office workers can be hooked as potential customers. (arriving in the next year) Proactive steps like signs outside, online ordering, to go items, catering active social media postings, additional opening hours and a new, specialized menu are just a few additional steps that could be taken to bring in additional business.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
697
Rent
$340.00 per month
About the Sale
Seller Motivation
We are planning to retire.
Transition Support
Owners will assist for one full week upon opening to introduce you to our customers and to familiarize you with all equipment.
Financing Options
No financial assistance
Listing Info
ID
2386586
Listing Views
1325
Business Location

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Business Listed by: Anne Marie or Patrick Matic

Listing ID: 2386586 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.