Jun 9, 2020 — Partnership. Owner has invested more than $300,000 into building two brand new coffee, cafe, breakfast, and sandwich shops; one in Ocean County, New Jersey which is scheduled to open in November 2019. The other is a short distance away in Monmouth County and this one has been open for one year.The first shop (Listing 32747) is profitable in its first year of business and the second (Ocean County) shop is likely to be even more so.You can acquire either shop separately or both shops together on the following basis:An outright purchase: Prices for either shop or for the combined entity are Negotiable, a meeting with the Owner is required. Or a partnership in lieu of purchase. A partnership arrangement may be structured as follows:Partnership Payment: $50,000 for the first shop and $40,000 for the second shop or $80,000 for both.Revenue Sharing: $300 per week for each store payable to the Owner.Partner pays all bills and keeps all income derived from the business in perpetuity,The Owner now works seven days per week open to close and needs immediate relief. He will Partner with a hard working individual who can put earnest money into the game which entitles the Buyer to keep 100% of the earnings minus a weekly payment of $300 to the Owner.A lump sum buyout can be negotiated at any time during the Partnership to eliminate the weekly payment. The shop, the equipment, refrigeration, freezer, and appliances at both places are brand new as is the plumbing, electrical, and air conditioning.The Owner has a sweetheart 17 year direct lease at $2,300 per month that includes gas and electric at the first shop and a 20 year $1,250 per month triple net lease at the second shop.Each space has about 2,000 sq. feet of space providing ample space for seating. A full coffee and breakfast menu are also offered.Significant growth can be expected.Owner attends to bring brand recognition and intends to keep building these stores as prime location develop.
Disclaimer: DealStream has not independently verified any of the information in this post and makes no warranty as to its accuracy or completeness.