Business Summary:
Established coffee/sandwich/pizza restaurant located on a major artery in Minneapolis. Now producing 300,000K + annually, which gives new owners a great base to start with. Excellent reputation, but needs more fine tuning to bring it to true profitability.
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| Year
Business was Established: 2003 |
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| Number of Employees:
6 |
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| Facilities / Terms of Lease:
2,900 - 4,900 sq ft
Lease: $1.00 sq ft/mo plus utilities and CAM |
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| Potential
Growth/Expansion:
Beer and wine: There is a beautiful adjacent room that could easily become an area for serving beer and wine along with food. This area could have other uses as well such as a meeting room, overflow room from restaurant, baking, etc.Cooking line: With a small hood and cooking equipment, the restaurant could serve breakfasts and a wider dinner menu. Either addition would make this very viable. With the addition of both, the restaurant has the potential to become a 1,000,000 + entity. |
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| Competition:
Extremely Good. High visibility with 40,000 + vehicles per day. Adjacent light rail is spurring local development. Excellent mix of residential and commercial with low crime rate. End cap of single story building, off street parking. Space flexibility from 2900 to 4900 sq ft. |
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| Owner
willing to finance:
$100K down w/possible terms |
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| Owner
willing to train:
30 days for new owners |
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| Reason for selling:
Retirement |
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Seller Reference Number: 380403
BusinessMart.com Listing Number: 38510 |
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