The following listing was found by Joyce Stephens on BusinessMart.com. The listing does not identify the cafe by name or street. Anyone with additional information can post it in the comment area below.
Asking Price: $ 190,000
Gross: $ 250,000
Cash Flow: $ 30,000
Furniture and Fixtures Value:
$ 80,000 (included in the asking price)
Business Summary:
Picturesque Café in Boston’s famous North End. Currently serving café fare; sandwiches, coffee, pastries, and ice cream. The facility is beautiful with high end finishes, excellent visibility and heavy foot traffic. A new operator could grow sales significantly by focusing on the Beer, Wine and Cordial business.
EQUIPMENT: The equipment is new and has been well maintained and is of good quality. All equipment is included in the price.
LEASE TERM: Three (3) years remaining on the lease with one Five (5) year option
BASE RENT: $2,500
CONCEPT: Café serving, coffee, pastries, Ice Cream, beer/wine and specialty drinks.
SEATING: It presently has 20 seats HOURS: Open from 7:00AM – 7:00PM
LICENSES: Beer & Wine & Cordial
Year Business was Established: 2007
Number of Employees: 1/FT 4/PT
Facilities / Terms of Lease: This is a storefront facility located on a corner; the space is approximately 800 square feet with brand new equipment and high-end leasehold improvements. It presently has 20 seats and very good visibility.
Owner willing to finance: Financing is available
Owner willing to train: Training will be provided
Reason for selling: Sellers don’t have the time needed to run the Cafe properly
It is Napoli Pastry on Salem St.
When asked that question at Tuesday’s NEWRA ZLC meeting, the Grimaldi’s said this listing was not for Napoli Pastry and they have no intention of selling that business/license. They were presenting for a cordials license amendment at Sapori di Napoli across the street.
Interesting. When I asked the son,(the one who got the license for Sapori di Napoli) if it was Napoli Pastry, he told me yes it was. If it isn’t,then the only other place it could be is Cafe Little Italy. I still think it is Napoli Pastry.