Cafe with 3 Center City Locations and Catering

Philadelphia, PA
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Asking Price:$650,000
Gross Revenue:$1,700,000
Established Year:2014
Cash Flow:$250,000
Inventory:$30,000
BUSINESS DESCRIPTION

Seller is retiring - Great Reputation

This is an opportunity to purchase a Philadelphia restaurant brand with three PRIME café locations in Center City and catering services as well. The company started in 2014 by two Philadelphia entrepreneurs that saw an opportunity. There was no one serving a delicious deli-style sandwich alongside a great cup of coffee in a cozy atmosphere. Dreams became reality and the first location opened in 2014. The second opened in 2018 and the third in 2019.

They lease highly visible prime real estate in the Old City, City Hall and Center City West neighborhoods providing optimal visibility for both cafe customers and their catering services.
Location #1: 998 rentable square feet
Location #2: 1,717 square feet
Location #3: 1,313 square feet

Each cafe combines a contemporary style with a comforting, familiar touch along side the traditional characteristics of quick-casual service restaurants, including:
• A large central counter and ordering area with posted menus.
• Customers’ orders are assembled on demand and customized as requested
• They pay prior to receiving their food and they have the options to carry out or dine in
• There is limited table service and no waitstaff required, keeping labor costs streamlined
• Each location offers online ordering with curb-side pick up or carry out
• Each location offers inside and outside seating

Food / Beverage:
They serve their own signature line of gourmet coffee and a full menu of coffee-house style espresso drinks
The food menu focuses on familiar favorites such as deli-style sandwiches, paninis, signature salads and sweets. Food is always freshly prepared and it’s full of healthy vegetarian, vegan, gluten free and family friendly options


DETAILED INFORMATION
Location
Philadelphia, PA
Inventory
Not Included in asking price
Real Estate
Leased
Employees
10
Facilities
3 prime brick-and-mortar locations in Center City Philadelphia. FF&E included in sale price. Full list available upon request.
Growth & Expansion
• Extend hours of operation • Expand Philadelphia operations by opening additional locations • Explore using delivery apps • Franchising • Implementing new industry specific tech
Reason for Selling
Owners have relocated
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Isaac
Parker
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Isaac Parker