Restaurant Loot
Eat First : Ask Questions Later
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Best East Village Location.
Perfect for Cafe Operator or Similiar.
Turn key - just move in and open the doors.
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- Beautifully designed space with attention to detail.
- Complete build-out done by seller in late 2008, in excess of $200K, including new plumbing, electric, tiling, custom sliding windows and more.
- Beverage case, Cold display case, Two low-boys, Toaster/panini grill, Electric two-burner stove, Prep bar, Dual Bunn coffee maker, Dual espresso machine, Standing fridge, Standing freezer, Water filtration system, Ice maker, A/C system, Audio system, POS system, Security system, Tables, chairs, counters, shelving, etc.
- All equipment, furniture and fixtures purchased new by seller in late 2008.
- Approx. 750 sq. ft. plus full basement (storage only).
- Currently serving a variety of premium coffees, teas and other hot/cold beverages, soups, salads, sandwiches, bagels, muffins, quiche, omelets & other breakfast/brunch dishes.
- Open six days a week (closed Monday).
- Lease term is 10 years, expiring 11/31/2018
- Current rent = $5356/mo., annual 3.5% increases
- Tenant pays 30% of r.e. tax increases only.
- Transfer/assignment permitted with LL’s approval which will not be unreasonably withheld.
- Currently grossing approximately $30K/mo.
- Expenses approximately $20K/mo.
- Net cash flow approximately $10K/mo.
- No nearby competition in the coffee bar – café category.
- Additional sales revenue possible if open Mondays; obtain beer/wine permit; additional marketing.
- Set up for electric cooking only at this time.
- Confidentiality Agreement needed for location and further details.
- Asking 119k for lease, fixtures, everything!
- Contact Chip Starin at 212-461-3143 or email chips@starealgroup.com
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E-newsletter and Properties for Sale To the World's Finest Restaurateurs
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List your business for sale:
Chip Starin: 212-461-3143
chips@starealgroup.com
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