Pasadena Area Cafe In Quaint Neighborhood Growth Potential For Sale

Business description

This café is nestled in a quaint town bordering Pasadena where it commands a strong and somewhat “protected” market share. The café, considered a neighborhood favorite, enjoys little direct competition and boasts plenty of opportunity for new owners to expand the food and service offering as well as offer extended hours. The kitchen is fully equipped with a deep fryer, grill and stove under a ten-foot hood, a two door fridge, salad prep table, ice machine, a three bucket and several additional sinks, a 10 by 7 foot walk-in cooler and a manager’s office. The facility has an official occupancy for 22 patrons and offers seating for approximately 30.

Property information

Real Estate:

Lease

Lease terms:

This 1,700 square foot facility leases for $2,370 per month on a lease until September 2011 with two five-year options.

Location:

This 1,700 square foot facility leases for $2,370 per month on a lease until September 2016 with one five year options. Almost all of the business’s furniture, fixtures and equipment, goodwill and lease rights are fully owned and will transfer in the sale (the landlord does own some equipment however it will remain with the facility).

Size in square feet:

1,700

Other information

Expansion potential:

The business has tremendous growth potential. Possibilities include an expanded service and product offering as well as extended hours. The restaurant’s location, in a predominantly upper class area, and facility set-up lends itself to catering, quick service or take-out and delivery business, or a wide variety of alternate concepts. The business could prosper as it currently is or with Chinese, Indian, Japanese, Mexican, or Thai dine-in and take-out, or even a fine dining concept that commands a higher price point such as an American steakhouse or an Italian or French venue.

Competition / Market:

This café is the only of its type in its immediate market. As such, it dominates its core morning based market segment. As it is located in a neighborhood that does not have many competing food service options, a variety of concepts will be able to enjoy the same type of market ‘protection’ this location offers.

Support & training:

2 wks at 20 hrs/wk

Reasons for selling:

Personal

Financing available:

Not offered