Tupelo Data Room
Coffee Shops & Cafes
Active

Cafe & Event Room or Asset Sale - Second Generation Restaurant

Redwood City, California, United States
listing image
Asking Price$200k
Revenue$247k
EBITDA-
Cash Flow$119k
Description
***EVENT SPACE RENTAL*** A big portion of sales comes from allowing events to be hosted at the store AFTER HOURS such as coporate events, photo shoots, private partys, etc. (almost no cost of goods involved - mostly profits) ***CAFE*** The cafe operations can perform better with more attention, effort, & hours. ***ASSET SALE*** It is a great space to change concept into a bubble tea store, etc; there is no full kitchen or hood but there is more than enough space to add one. Business Type: Cafe / Event Room City: Redwood City Asking Price: $200,000 Sales: ~ $246,800.00 Seller Discretionary Earnings: ~$118,570.00 (most profits come from even room with almost no costs of good sold involved) Lease: New lease required Size: 2000 square feet Rent with NNN/CAM: $6,000 flat (for new owner) Financing: All cash purchase only; Unsecured lending available! No SBA loan or Seller Financing. Please request NDA for more detailed information.
Real Estate
Leased
Reason Selling
Other responsibilities
Facilities & Assets
More than enough space to install a hood and full kitchen
Support & Training
Owner willing to train
Market & Competition
The plaza has seen no vacanies in 3 years. Neighborhood is loyal to this plaza as it is the only one for a good distance.
Growth Opportunities
Owner recommends to heavily focus on holding events which is almost no cost of goods sold involved.
Financing Options
All cash purchase only; Unsecured lending available! No SBA loan or Seller Financing.
Asking Price$200k