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Gourmet Sandwiches/Speciality Coffee/Pizza Reduced25K

Minneapolis, Minnesota (Hennepin County)

Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price $125,000 Inventory $5,000** 
Gross Income $300,000 Real Estate  
Cash Flow Not Disclosed Year Established 2003
FF&E $80,000* Employees 6

* included in the asking price

** not included in the asking price

Gournet Sandwiches, Speciality Coffee, Pizza

Established coffee/sandwich/pizza restaurant located on a major artery in Minneapolis. Now producing 300,000K + annually, which gives new owners a great base to start with.Three franchises in one business without the franchise fees .50% delivery with sales up 11% in 2008. Easy business to manage

Facilities: 2,900 - 4,900 sq ft LEASE: $1.00 sq ft/mo First 3 months rent is FREE

Competition: Extremely Good. High visibility on Hiawatha Ave with 40,000 + vehicles per day. Adjacent light rail is spurring local development. Excellent mix of residential and commercial with low crime rate. End cap of single story building, off street parking. Space flexibility from 2900 to 4900 sq ft.

Growth/Expansion: Beer and wine: There is a beautiful adjacent room that could easily become an area for serving beer and wine along with food. This area could have other uses as well such as a meeting room, overflow room from restaurant, baking, etc. Cooking line: With a small hood and cooking equipment, the restaurant could serve breakfasts and a wider dinner menu. Either addition would make this very viable. With the addition of both, the restaurant has the potential to become a 1,000,000 + entity.

Financing: $100K down with terms

Support/Training: 30 days for new owners

Reason Selling: Retirement

AD # 380403

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