Cafeteria in Office Building - Open 5 Days - 23979
Business Type: convenience store,delicatessen/catering services,misc. retail/non-classifiable,other eating & drinking places,restaurant/ cafes/ diners,catering and event planning,illness forces sale!
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $169,000 | Down Payment | $169,000 |
| Gross Revenues | $369,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $78,000 | Number of FT Employees | Register Free to View |
Financing
$169,000 Down and BEST ALL CASH OFFER ACCEPTED!
Business Description
ATTENTION ALL DELI OWNERS, CATERERS AND RESTAURANTEURS: 5 Day A Week Office Building Cafeteria with Industrial Kitchen. Immaculate, fully equipped and a spacious 5,000 sq. foot. JUST SECURED A NEW 10 YEAR LEASE AT $1,500/MTH RENT AND ONLY 3% ANNUAL INCREASES. It is the only food service in this upscale office building in the heart of Nassau County. It is currently open M-F 7am-4pm. Based on those hours the business grossed approx. $385,000.00, with a Net Income of approx. $78,000.00. PLEASE NOTE: The owner has not had the time to take advantage of all the opportunities here. Adjacent to the cafeteria there is a stunning 75 seat atrium that can be used after 5PM during the week and all day/night on weekends. It is ideal for private parties and not limited to tenants of the building. In addition, the kitchen is a chef's dream. It could support a 200 seat restaurant or more. Ideal for an outside catering operation. THE CURRENT OWNER DOES MINIMAL CATERING AND RARELY USES THE SEATING AREA FOR PRIVATE PARTIES. THE BEST PART OF THIS DEAL IS THE RENT OF ONLY $1,500/MONTH (INCL. TAX, CAM AND GARBAGE). There is a full prep area, private loading dock for deliveries and so much storage space that some is rented out to tenants of the building. Any buyers MUST have deli, catering or restaurant experience. THIS IS A WONDERFUL OPPORTUNITY AND A MUST SEE LOCATION. MOTIVATED SELLER, SEEKING THE RIGHT BUYER. If you are serious and meet the qualifications listed, please call or email Mel Vaz at 631-909-1095 or mvaz@vestedbb.com.
Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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