Profitable Hip Cafe For Sale in NY, NY

This Hip Take Out & Delivery Cafe in a trendy section of Manhattan serves breakfast, bagels, sandwiches, salads, munchies, coffees, teas, matchas, soft drinks and more. It opened for business in June 2019 and never looked back, especially when the pandemic changed things. Internet delivery, take out, and catering orders account for the bulk of the sales. Open Monday-Friday from 7am-8pm and Saturday-Sunday from 8am-5pm, you would be well-advised to open earlier and close later. The husband/wife owners, along with a silent other one, are now ready to sell for their own personal reasons. The wife is the main worker of the three and she & her husband want to spend more personal time together. The silent partner is thrilled with the way the business has grown, but is in a totally different business and would be happy to cash out to grow his own business more. At street level, you will find 300 sq ft. There is no indoor dining, only to-go orders. 95% of the space is kitchen operations, with a small walk-in area that holds 2-3 customers. Rent is $2,650/month and escalates at just 3% with zero real estate tax. The lease has 8 years to run. An outdoor space was built-out at a cost of $7,000 and is roughly 180 sq ft. There are three tables with 4 chairs each. The city has yet to charge a penny for this space. The basement rent is $1,500/month for 700 sq ft. There are 11 five-tiered shelves to store inventory items, 3 office desks, and 3 office chairs. 50% of the basement is office space. The rest is used for storage of non-perishable foods, drinks, snacks, cleaning supplies, and other supplies, such as cups napkins, and all paper packaging items. The husband /wife sellers are willing to split the cost of the basement space in return for being able to use some of it for their personal purposes. Average weekly payroll comes to $7,000, which includes 3 full-time and 8 part-time employees. A full equipment list and further financials will be made available at the sellers' discretion. Asking 2 times verifiable cash flow of $125,000 at $249,000 with only $199,000 down & $50,000 in seller financing at 5% over 24 months is a true bargain, especially given how organized this business already is and its growth potential going forward.