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Gourmet Coffee Shop, 100K Net

This gourmet coffee shop is located in a great town location in western Suffolk County, NY. The store is beautifully decorated. The store size is 1375 sq. ft and has seating for 40 people . They sell a variety of gourmets coffees, cappuccino, cakes, pies, pastries, salads and wraps. there is NO COOKING done in the store -everything is brought in. They do over $400,000 in annual sales with a very, very high profit margin. The owner net over $150,000 per year. there is 11 years left on the lease with rent including taxes, garbage and water of $3493 per month. The present owners are the original owners and have been there for over 12 years. They have an asking price of $250,000 with a down payment of $125,000. They will hold the notes for the balance . They are also negotiable for an all cash transaction. Annual Rent $42,000 Annual Utilities $15,000 Annual Insurance $3,500 Annual Telephone $1,200 Annual Misc. $5,000