Bustling Coffee Shop in High-Traffic Area
Asking Price: | $125,000 |
Rent: | $22,217/Month |
Gross Revenue: | $350,000 |
Established Year: | 2017 |
Cafe in Prime Location!
Nestled in the heart of downtown Newark's bustling business district, this cafe offers an exceptional opportunity for entrepreneurs and business owners seeking a vibrant and dynamic location. This prime commercial space is perfectly situated to capitalize on high foot traffic and proximity to major corporations, local businesses and a number of universities, making it an ideal spot for a thriving business
Location Highlights:
- High Foot Traffic: Located on a main business & retail corridor, this cafe benefits from a constant flow of pedestrians, including residents, local professionals, students, and tourists exploring the area. The vibrant street scene ensures a steady stream of regular customers throughout the day.
- Proximity to Corporations: The property is strategically positioned near some of Newark's largest employers and corporate offices, including Prudential Financial, Panasonic, and Audible. This proximity provides a built-in customer base of professionals seeking quality coffee and a relaxing atmosphere during their workday.
- Cultural and Educational Hub: Just steps away from Rutgers University-Newark, NJIT, Berkeley College, Newark Public Library, and the Newark Museum of Art, this location is at the center of Newark's cultural and educational scene, attracting a diverse and engaged clientele. Also nearby, you'll find St Michael's Hospital, University Hospital, Newark Board of Ed, State of NJ offices, and more.
Business Potential:
- Exponential Growth Opportunities: With its established reputation for quality coffee and a welcoming ambiance, this cafe presents significant potential for growth. The space is ideal as a second/sister location to an existing business with a kitchen, so as to capitalize on catering opportunities. Food could be prepped at the off-site kitchen, and delivered to Newark-based corporate events, meetings, and gatherings.
- Community Engagement: The café has become a beloved community hub, known for its friendly service and commitment to quality. By leveraging this reputation, new owners can further engage with the local community through partnerships, events, and collaborations.
- Modern and Inviting Interior: The compact, efficient space boasts a modern and inviting interior, designed for quick service and aesthetic appeal.
This is a rare opportunity to take over an existing clientele in an amazing location, put your own spin on it, and grow from the strong foundation the sellers have established over the last 7 years. This is the perfect blend of location, community, and opportunity. Don't miss your chance to be part of Newark's vibrant business landscape. Contact us today to schedule a viewing and explore the possibilities this exceptional concept has to offer.
Sale includes FF&E, customer lists, business phone number, good will, lease. Business NAME will NOT transfer. Please sign and return attached NDA for exact location and other details.