Semi-Absentee Coffee Shop Nets $100,000 Yr. Low Rent & Long Lease - Business for Sale
Request Information
The contact information for this deal is locked. If you wish to unlock this information, you need to upgrade to SMB Deal Hunter Pro.
☕
Semi-Absentee Coffee Shop in Long Island City, NY
Long Island City, NY, US
Added 1 month ago
Coffee Shop / Café
40 years in business
Absentee / Semi-Absentee
A 40-year established coffee shop located in Long Island City, NY, operating semi-absentee with a loyal customer base and heavy morning traffic.
Key Information
Asking
$239K
Revenue
$535K
Earnings
$110K
Multiple
2.2x
Key Highlights
- Years established: 40
- Weekly sales: $10,000–$11,000
- Rent: $4,084/month including real estate taxes
- Lease term: 11 years remaining with 3% annual increases and no tax increases
- Premises: 1,000 sq ft café plus 1,000 sq ft basement, seating for 35–40 customers
- Staff: 2 chefs, 2 wait staff, 1 delivery person
- Owner operates semi-absentee, working only a few hours per day
- Business is closed on weekends
Contact Info
Unlock Premium Features
Get everything you need to find, finance, and acquire your business
Personalized Deal Flow
On and off market deals curated to your search criteria.
Unlimited 1:1 M&A Support
Expert advisors to help you spot red flags, negotiate your offer, and hand hold you all the way to close.
Pre-Vetted Deal Team
- * Intros to our preferred lenders
- * Access to our investor community
- * Discounted 3rd party Financial and Legal diligence