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Fantastic Cafe Opportunity Acquire Two Locations Simultaneously For Sale

Southern Maine, Maine, US
Asking Price:
$545,000 (USD) Furniture / Fixtures included
Sales Revenue:
$1,277,746 (USD)
Cash Flow:
$166,545 (USD)

Highly reputable café business with two locations in Southern Maine. Both locations offer indoor and outdoor seating, as well as take-out, serving breakfast and lunch. The business offers quality locally sourced products including pastries and fair trade organic coffee from Maine. Superior customer service has been a known contributor to the continued success of both locations. Customers represent a wide range of demographics from local businesses, local neighborhoods, students, tourists and a high volume of long-time repeat customers.

Property Information

Real Estate:

Lease

Lease Terms:

2 locations: $3600/Mo MG & $2537/Mo NNN

Leasehold Rent:

$73,644 (USD) per annum

Location:

2 locations; one is 1,450+/- SF and the other is 2,000+/- SF. Both locations offer indoor and outdoor seating, take-out, ordering area and small retail section.

Business Operation

Expansion Potential:

The business has a very large following along with an excellent reputation. With a proven history of success and profitability, this offers the ability to expand the current locations as well as add new locations in the future. Expanding hours and food/beverage options may also increase profitability.

Competition / Market:

With the current Covid situation, the business has focused more of its efforts on take-out & curbside. Both cafes continue to prosper due to a loyal customer base that patronize the locations consistently in search of the community centric atmosphere and products not offered by others.

Reasons for selling:

Retirement

Trading hours:

7am to 2pm Mon-Saturday; closed Sunday

Employees:
8 FT/2-3 PT
Years established:
2013

Other Information

Support & training:

2 weeks

Furniture / Fixtures value:
$79,000 (USD) - included in the asking price

Contact Magnusson Balfour

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