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Listed by:

Colliers International

Owner Managed Cafe In Salt Lake County For Sale

Salt Lake County, Utah
Asking Price:
$150,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$338,990 (USD)
Cash Flow:
$68,336 (USD)

This café is an independent, owner-managed full-service restaurant that, over the last four years, has generated a consistent revenue growth of 15%. This 15% growth is also reflected in a similar growth in positive cash flow. This growth rate is expected to triple with completion of large residential and commercial projects nearby. The business has an excellent long-term lease, through 2031.
The café’s kitchen is licensed for three food trucks – currently two trucks work out of the kitchen and pay $1,000/month. A new owner can add his own food trucks or continue take the revenue stream generated by these spaces. The café also has a fully functional two-window drive thru that is not being used. Currently the café is not open for breakfast, which could also be an additional revenue stream. There is a basement to the café that is large enough to accommodate the storage needed to open a second online business. Some seller financing may be negotiable for a qualified buyer.

Property Information

Real Estate:

Lease

Lease Terms:

$2,000/month or 10% of food gross, expires 2031.

Premises Details:

approx. 2,000 sf

Business Operation

Reasons for selling:

health issues

Trading hours:

Mon-Sun 10am-9pm

Employees:
2 FT, 5 PT
Years established:
2012

Other Information

Support & training:

20 hours

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Some seller financing may be negotiable for a qualified buyer.

Furniture / Fixtures value:
$50,000 (USD) - included in the asking price

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