Facilities & Operations: 5 day cafe located in an upscale professional office building. Owner-run operation with some help (low labor) that only opens 7am to 5pm daily with major holidays off.
Description: 5 day cafe located in an upscale nice professional office building catering to all the office patrons and surrounding foot traffic. Easy operation with low labor and great rent! Only open 7am to 5pm daily with major holidays off.
Demographics: Per City-Data website, this city has: Estimated median income of approximately $125K in 2016 Median price of a detached home: $1,200,000 with median rent at $2,452 in 2016.
Equipment: Back of house: Prep tables, reach-in refrigerators. Front of house: Register, Dining chairs and tables, reach-ins, fountain soda machine.
Current Management & Labor: The owner runs the show with minor help to run this easy operation.
Marketing Opportunities: 3rd party delivery and catering options should be implemented to increase top line sales. Already has the main foot traffic of being the only office cafe in the unit. Currently no advertising exists which brings an opportunity for the next operator. Also a major name professional tenant will be moving into the office spaces soon which will increase foot traffic even more.
Financial Summary: Sales averaging $16.2K/month and climbing. Rent: 24% ($3,800). COG: 33% ($5,300). Payroll: 0%. Misc.: 8% ($1,300). Earnings: 35%($5,672).