Kingston Cafe - This cozy and friendly cafe serves organic and specialty coffees and teas along with fresh-daily pastries, bagels, lunch and breakfast sandwiches, soups, and salads, with over six years in a desirable bayfront location. A casual, community hub for the neighborhood to gather, eat, relax, and socialize.
A new owner could add a grill and hood for full restaurant service. Currently open for breakfast and lunch only -- a new owner could also add a dinner menu and evening hours.
Electrical service and sewer lines have been upgraded. Restroom remodeled to ADA compliance. LED lighting throughout to meet CA codes. Approx. 1800 sq ft in total (seating, kitchen, office/storage area). Additional overhead storage available as well. Commercial-grade wireless internet. Current rent of $2,142/month includes water and free off-street parking..
Price of $87,000 includes all furniture, fixtures, and equipment ("FF&E"), leasehold improvements, recipes and brand collateral, logo and name, menus, website, on-hand inventory, etc (all reasonable offers will be considered up till May 20th, then we'll negotiate with the top 3 bidders ... and close (complete the sale) by mid- to late-June).
The itemized list of FF&E alone is estimated to cost over $50,000+ to replace and install.
The business currently operates at a small profit for the owner-manager; however, a new owner can use the established clientele and infrastructure to expand both hours and offerings without incurring higher fixed costs. In other words, a sound foundation for building a highly-profitable business.
Complete historical financial data (tax returns, bank statements, A/R and A/P records, etc.), employee records, current and pending contracts, detailed equipment list, etc. will be provided to serious financially-qualified prospects upon submission of an NDA and preliminary discussion with the seller and broker.
It is anticipated that this will be a sale of all the tangible and intangible assets of the business, including the very valuable business name; but, not accounts receivable, accounts payable, rent deposits, or cash on hand. This will also include website(s), phone numbers, customer list, supplier contacts, employment relationships, etc. the 'goodwill' of the business.
Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does not represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.