Restaurant Loot

Eat First : Ask Questions Later    

Best East Village Location.

Perfect for Cafe Operator or Similiar.

Turn key - just move in and open the doors. 

• Beautifully designed space with attention to detail.
• Complete build-out done by seller in late 2008, in excess of $200K, including new plumbing, electric, tiling, custom sliding windows and more.
• Beverage case, Cold display case, Two low-boys, Toaster/panini grill, Electric two-burner stove, Prep bar, Dual Bunn coffee maker, Dual espresso machine, Standing fridge, Standing freezer, Water filtration system, Ice maker, A/C system, Audio system, POS system, Security system, Tables, chairs, counters, shelving, etc.
• All equipment, furniture and fixtures purchased new by seller in late 2008.
• Approx. 750 sq. ft. plus full basement (storage only).
• Currently serving a variety of premium coffees, teas and other hot/cold beverages, soups, salads, sandwiches, bagels, muffins, quiche, omelets & other breakfast/brunch dishes.
• Open six days a week (closed Monday).
• Lease term is 10 years, expiring 11/31/2018
• Current rent = $5356/mo., annual 3.5% increases
• Tenant pays 30% of r.e. tax increases only.
• Transfer/assignment permitted with LL’s approval which will not be unreasonably withheld.
• Currently grossing approximately $30K/mo.
• Expenses approximately $20K/mo.
• Net cash flow approximately $10K/mo.
• No nearby competition in the coffee bar – café category.
• Additional sales revenue possible if open Mondays; obtain beer/wine permit; additional marketing.
• Set up for electric cooking only at this time.
• Confidentiality Agreement needed for location and further details.
• Asking 119k for lease, fixtures, everything!
• Contact Chip Starin at 212-461-3143 or email chips@starealgroup.com

E-newsletter and Properties for Sale To the World's Finest Restaurateurs

List your business for sale:

Chip Starin: 212-461-3143

chips@starealgroup.com