Business Summary:
THE COMPANY
This business has been operating for over eight years in desirable Southeast Boise which has a high income demographic profile. The location is close to many large corporate, medical and legal offices on a major arterial. The business has a great reputation for providing unique quality homemade breakfast and lunch offerings as well as providing succulent catering to individual and corporate clients. Current hours of operation are Monday through Friday from 8:30 AM to 2:00 PM.
THE LOCATION
The location is excellent for a breakfast/lunch operator; providing easy access along with ample parking. The business is strategically located close to a multitude of large office buildings, hotels and multi-family developments. The space is approximately 1,100 square feet exclusive of a large common area utilized for dining. The space leases for a very favorable $1,100 per month plus NNN expenses. There are approximately two and a half years left on the master lease with one five-year option to renew.
THE STRENGTHS
The strengths are location, reputation for quality and consistency along with a significant catering clientele. The favorable lease rate is also a strong feature of this location.
THE REASON FOR SELLING
The owner enjoys the restaurant business but is ready to sell and move out of state to be closer to family.
THE IDEAL BUYER
The ideal buyer could be an existing catering and/or restaurant operator looking to expand market share or any individual with an interest in the food service industry.
THE POSSIBILITIES
A new owner may want to increase awareness through more aggressive advertising and creation of a web site and/or expansion of product offerings. The common area is large enough for private parties, reunions, etc., that could be offered in conjunction with catering services. Hours of operation could also be extended to include evening service, weekends and Sunday Brunch.
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