Popular Trademarked Pastry Shop/Café has Franchise Potential
Manhattan
2601
NY / USA
417412
Listed Price:
Seller Financing (Y/N):
Yes
Revenues:
Lender Prequalified (Y/N):
Income:
Real Estate (Y/N):
Industry:
Food & Beverage
Year Started:
1991
Relocatable (Y/N):
No
Franchise (Y/N):
No
Home Based (Y/N):
No
Facilities:
Two storefronts, both with basement storage, total of $14K per mo. Rent.
Growth: Tremendous opportunity to stimulate catering business and to pursue franchising.
Employees:
8 FT
Reason for Sale:
Description
This seventeen year-old business effectively runs itself. It is located in a superb area of lower Manhattan and enjoys an outstanding reputation. It you want to manage the business, replace the daily manager to free up a 75,000 salary. The name of the business is trademarked and has the potential to become a model for franchising both the name and the product line. Combined price for Trademark and the business is $895,000 (can't separate the two).
The current staff does such a great job that the business is expanding. Owner is essentially absentee (maybe 15% to 20% of his time). Catering is becoming a dominant aspect of the business. An enthusiastic entrepreneur could take this business to a new level with a fresh outlook and lots of energy by opening up new areas of service and revenue. Has significant franchise potential. Owner wasn't ready to sell when approached by a franchise oriented group several years ago.
Furniture, Fixtures & Equipment: $90,000
Inventory: $7,500 (included in price)