Business Overview

Great opportunity to own a profitable cafe/delicatessen that is located on the ground floor of a high-rise office building within a major high-rise office park in Midtown Atlanta, the building is connected to 3 other buildings that don’t offer any hot food. The business offers a variety of popular breakfast and lunch staples. The ideal location in close proximity to so many offices which allows for a steady flow of customers throughout the day. The cafe is very popular in the local market and has great online reviews backing up this reputation.

This a Monday through Friday 7 am to 3 pm operation that runs with 4 employees. known as the best breakfast and lunch café in Midtown Atlanta, they offer a simple yet extensive Breakfast menu that includes bagels, made to order omelets, coffee, teas and so much more. A lunch hot and cold buffet and a salad bar, made to order sandwiches, paninis and more.

The business occupies 3,956 square feet + large patio in a 21-story Class “A” office tower located on in the heart of Midtown – Atlanta’s premiere 24/7 neighborhood. With approximately 345,254 rentable square feet of office and retail space, a grand central atrium. The building is also connected to 3 other towers don’t offer any hot foods which drives more clientele to this establishment. Rent is 10% of monthly gross sales and includes and all the extras and utilities (tax, insurance, trash, electric, water) the only utility that is not included in the rent is the gas bill and it averages $200 per month and a possibility of renegotiating the rent with the landlord.

Prior to the pandemic, the business grossed over $800,000 a year with a net of over $240,000 (2018 and 2019) when the tower was at almost 100% occupancy, last few months sales are increasing steadily as the tenant are making their ways back to working from the office. Current monthly sales are averaging $50,000 a month and increasing, gross monthly payroll $8,000 a month, food purchases of $13,000 plus other expenses, leaves the current owner with an average profit of $13,000 per month.

PROOF OF FUNDS AND SIGNED NDA MUST BE RECEIVED PRIOR TO DISCLOSING ANY FURTHER INFORMATION. THIS IS AN OPERATING BUSINESS; PLEASE REFRAIN FROM SPEAKING TO STAFF OR MANAGEMENT.

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Financial

  • Asking Price: $250,000
  • Cash Flow: $156,000
  • Gross Revenue: $630,000
  • EBITDA: N/A
  • FF&E: $100,000
  • Inventory: $2,500
  • Inventory Included: N/A
  • Established: 2011

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,956
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

3,956 square feet + large patio in a 21-story Class “A” office tower located on in the heart of Midtown – Atlanta’s premiere 24/7 neighborhood. With approximately 345,254 rentable square feet of office and retail space, a grand central atrium. The building is also connected to 3 other towers don't offer any hot foods which drives more clientele to this establishment.

Is Support & Training Included:

One week by the seller

Purpose For Selling:

Retiring

Pros and Cons:

No immediate competition, business can easily gross $2,500+ per day with no advertising. This business is located in an office building near several other office buildings, so it caters to a larger number of employees serving both breakfast and lunchtime fare.

Opportunities and Growth:

There is high rise building across the street that needs a cafeteria and the ownership of the building is willing to build a new restaurant/cafeteria for the operator of the this business, so anyone who purchases this business can get another brand new one at almost no cost. There is room for growth and expansion. A new owner might consider implementing an advertising or marketing campaign to create awareness of the business. There is also room to expand by focusing on catering/delivery.

Additional Info

The business was founded in 2011, making the business 11 years old.
The sale won't include inventory valued at $2,500*, which ins't included in the listing price.

The company has 4 employees and is situated in a building with estimated square footage of 3,956 sq ft.
The building is leased by the business for $0.00

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people resolve to sell companies. Nonetheless, the true factor and the one they say to you might be 2 completely different things. For instance, they might claim "I have too many other responsibilities" or "I am retiring". For many sellers, these factors stand. However, for some, these might simply be reasons to try to conceal the reality of transforming demographics, increased competition, recent decrease in earnings, or a variety of other reasons. This is why it is extremely essential that you not count entirely on a seller's word, however rather, make use of the vendor's answer together with your total due diligence. This will repaint a much more reasonable picture of the business's present situation.

Existing Debts and Future Obligations

If the current business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses take out loans in order to cover things such as stock, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that earnings margins are too tight. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that must be fulfilled or may lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area draw in brand-new clients? Most times, businesses have repeat clients, which develop the core of their daily earnings. Particular aspects such as brand-new competitors sprouting up around the area, roadway construction, and also personnel turnover can impact repeat consumers and also negatively affect future incomes. One vital thing to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the better the opportunity to construct a returning consumer base. A last thought is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the outskirts of town? Just how might the local typical family income impact future earnings potential?