This ad, attempting to attract buyers to a “Cash Cow Coffee Shop” on the Upper East Side, recently hit our inbox.
A pristine and trendy cafe opened in 1998. It has a full kitchen and espresso bar, and provides all manner of coffee, espresso, cold drinks, pastries and panini. The lease is valid through April 2012. The owner purchased all new equipment (oven, stove, refrigerators, bakery cases) when he opened the cafe. The owner works full-time in the business and also has 3 full-time and 1 part-time employees. Although small, the charm of the facility is able to generate a very high revenue per square foot.
Asking Price Range: $250K – $500K
Gross Revenues: $312,010
Cash Flow: $147,919
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Yes
About The Business
Year Established: 1998
Number of Employees: 4 – 5
Current Real Estate: Leased
Property: Property For Lease
The only thing, no location details. So, where is this!? Please hit the comments with educated (or uneducated) guesses.
Cash Cow Coffee Shop – Upper East Side [Globalbx]