Beautiful Bakery & Cafe in the North Shore of Long Island
| Asking Price: | $800,000 |
| Rent: | $7,400/Month |
| Gross Revenue: | $1,200,000 |
In a great location in an affluent area of the North Shore
Beautiful Bakery & Café in a great location in an affluent area of the North Shore, Long Island
A great opportunity to own a newly renovated Bakery & Café in an affluent area of the North Shore of Long Island. The Bakery & Café was renovated three years ago and is centrally located, it is close to Muttontown, Upper Brookville, Brookville, Syosset, Cold Spring Harbor, and Oyster Bay. More than just a Bakery, the Café is a community hub that offers great food and a great place to meet with friends and family for breakfast, lunch and dinner. This is a perfect turnkey opportunity for an owner-operator to come in and prosper. The Bakery & Café is currently grossing $23,000 a week and has a lot of upside potential. With the right owner-operator, this Bakery & Café could easily double its sales by increasing both wholesale and retail business.
The newly renovated Bakery & Café cost upwards of $600,000 and the Bakery & Café has 8-years remaining on an assignable ten-year lease with the option to renew until 2047. The current rent is $7,400 per month. Located on a central road, it has easy access and plenty of parking. The seller is willing to explore all options for the new owner-operator including providing financing for the buyer and staying on as a minority owner.
Reason For Sale: Owner is focused on expanding his existing fine dining restaurants.
