Steve Josovitz of The Shumacher Group, Inc. just sold Broadway Cafe. The Shumacher Group, Inc and Steve Josovitz represented Seller in transaction and assisted Buyer getting to Closing.
Established and operated by same Owner for 24-years.
Monthly rent all in is $4330.
Six years remain on lease with an option to renew.
2015 Gross Sales $450,000 with net profit $100,000 with only being open 5 1/2 days, zero advertising, no website, no delivery and almost no social media presence except some review sites.
2016 came in $100,000 higher then previous year at $550,000 with net profit of $100,000.
Concept is a strictly kosher vegetarian breakfast to diner restaurant serving pizza, salads, sandwiches, falafel, Israeli salads with killer bagels prepared daily by a real master bagel baker.
Fully equipped kitchen can produce any cuisine at any volume with ease and includes a large revolving baking oven used for both bagels prior to opening and pizza during service.
Exclusions to any conversion would be Thai, Sushi and Mexican. Perfect for a ton of concept especially Burgers, Italian, pizzeria, Greek, bakery, bagels, vegetarian, juice bar, health food restaurants, Korean, BBQ to just name a few ideas or kept as is. Broadway Cafe could be expanded to be non-kosher with a seven day all day menu to include delivery to Emory University, North Druid and Toco Hills are which is not done currently.
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