Popular Cafe with Unique Food Offering - Click for Details

Listing ID

1171

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Location

Halifax

Description

If you've been on the hunt for a trendy cafe in Halifax, look no further, this is the one. The current owners have other personal obligations and have designed this business to suit their lifestyle. Fortunately for you, there is much opportunity to quickly add additional revenues and profits. Let's explore:

- Currently, the business is open just 4 days per week, Thursday - Sunday, and only 6 hours per day.
- The space available for seating could easily grow by 50%, while the kitchen area and equipment is sufficient to service the increased demand.
- Menu pricing can easily be increased 5% - 10%, given the quality, the portion, and the pricing of the competition.
- Only 3 staff required at peak times. 2 on Thursday and Friday.

They have a very simple menu that can be taught to anyone, easily adapted, and easily grown. The owners will be happy to stick around and assist with a transition to ensure you are fully capable of continuing to meet the demands of their clientele.

All product is locally sourced and of the highest quality they can procure.

Financial Information

Current daily sales are averaging $900 on Thursday and Friday and $1800 on Saturday and Sundays during the 4 months of November, December, January, and February. Historical records have seen sales increase by approximately 50% during the months of June, July, August, and September.

Projections for the 12 months from November 1, 2018 - October 31, 2019 are $185,000.

Tips average 17% of revenues.

Minimum Equity Required

$40,000

Real Estate

Rent is $1,400 per month and the lease is for a period of years.

Included in the lease:
- property taxes
- management fees
- water
- general building maintenance

Heat and Cooling is provided by way of an efficient heat pump. There is a new HVAC system as well.

Price

$105,000

Non Disclosure Agreement

I hereby acknowledge that information regarding the following business(es) and/or Seller(s) is being provided to me in SECRECY AND CONFIDENCE and is to be used solely for the purpose of assessing the prospective purchase of the business(es) through Gateway Business Brokers.

I agree not to disclose any of the information given in connection herewith, either directly or indirectly, to third parties, except direct support people; nor will I use, or assist others to use, any such information for competitive trade purposes or to circumvent Gateway Business Brokers in any transaction or contact with the seller(s). I agree not to make copies of any of the material provided and to return all of it if I discontinue interest in the Business. The material and information furnished is believed to be reliable for the purpose of evaluating the Business. Further, I agree that all inquiries, investigations, negotiations, offers to purchase, and/or letters of intent must be made through Gateway Business Brokers. I agree to protect and not disclose the confidentiality of the information I receive permanently, even if I choose not to purchase the said business.

I agree that any breach of this Non-Disclosure Agreement (the "Agreement"), directly or indirectly, will be harmful to the Seller(s) and Gateway Business Brokers. In consideration for the information given, I agree that the laws of Nova Scotia will govern this Agreement and that all actions that may arise in law and/or equity shall be brought in Nova Scotia.

It is understood that this Agreement also applies to any information previously supplied by Gateway Business Brokers, verbally or in writing. I understand that neither the Seller(s), the Business(es), its officers, directors, employees, nor Gateway Business Brokers ,shall have any liability as a result of furnishing me the material included in this Agreement.

This agreement also acknowledges that the undersigned Buyer(s) has (have) been advised that Gateway Business Brokers provides Client representation for the seller(s) and Customer representation for the buyer(s) in this transaction, as per the terms that have or will be provided. I agree that should I buy, lease or come into possession of the Business, in whole or part, during the listing term or within 1 year from the expiry date of the listing term, Gateway Business Brokers’ right to a fee, as per Gateway Business Brokers’ agreement with the Seller(s), will be deemed earned. I understand I will be personally liable for payment of any applicable fees, as so reasonably determined, if I breach any clause of this agreement. It is agreed, however, that if a purchase is completed with the assistance available from Gateway Business Brokers, I am not liable for a fee.

Non-Disclosure Agreement