Business Summary

This collection of profitable establishments sells deli sandwiches, ice cream, coffee and bakery items on a highly trafficked street located in an attractive waterfront town popular with summer tourists and recreational boaters. The local population triples when summer residents return to their second homes, and the marinas and high-end galleries draw well-off residents from the region and tourists from Chicago.

All outlets are seasonal and open by Memorial Day weekend, with two closing in September and the other open through the end of the year. There is ample outdoor seating and the labor force returns consistently from year to year. Sales have accelerated rapidly through Covid and the addition of the third café in 2022 is expected to boost total revenue over $800,000 in 2022. The owner is willing to stay and work in the businesses for a full summer season to assist the new owner and ensure a successful transition.

Details:

FY 2021 Gross Revenue:      $654,000 (only two establishments)
FY 2022 Gross Revenue:      $800,000+ (forecast)
FY 2021 SDE:                        $315,000
Real Estate:                           3,500 square feet on 0.25 acres (owned); two locations are leased
Employees:                            14 total (6 full-time and 8 part-time on a seasonal basis)

Investment Highlights:

• Prime location in a waterfront summer tourist community
• Affluent customer base
• Loyal staff
• Upgraded facilities

Support & Training: Owner is willing to assist the transition for a full season following the sale

Reason for Selling:   Relocating