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Well-Established Crepe Shop Cafe for Sale ready for New Ownership

Minneapolis, MN
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Asking Price:$40,000
Rent:$3,200/Month
Gross Revenue:$300,000
Listing ID: 2256260Listing provided by BizBuySell
BUSINESS DESCRIPTION

Well-Established Crepe Shop Cafe for Sale ready for New Ownership

This charming Crepe Shop/ Cafe for Sale location is a fantastic opportunity for an entrepreneur looking to to find sucess in the restaurant industry. Nestled in a prime downtown location, this business has everything you need to take advantage of the high foot traffic from office workers, shoppers, and tourists.
Located right in the largest enertainment district in Minnesota, near Target Center, TCF Stadium and Target field, close to high-end residential homes and hotels, numerous retail establishments, and offices all in one place, this area is in growth mode. The potential is immense, and this Crepe Shop/ Cafe for Sale is ready for a visionary owner to unlock it.
An on-site owner can drive sales through increased marketing, catering, and expanded store hours. You can tailor the menu to suit customer preferences, offering a variety of options for all tastes and appetites. The Crepe Shop/ Cafe for Sale currently operates on Monday from 9:00 AM - 2:00 PM and Tuesday to Friday from 7:30 AM - 2:30 PM. Simply by increasing the hours, a new owner could immediately boost sales. Contact We Sell Restaurants today to start your journey to ownership.
Rent at this Crepe Shop/ Cafe for Sale is just $3,200 per month, including CAMS, for 1,800 square feet of space with seating for 10. The sleek design of this space will make you appreciate the time and effort that was put into it.
This Crepe Shop/ Cafe for Sale with a prime location comes fully equipped with high-end items including a sales counter and build-out, four crepe makers, upright refrigeration units, a medium upright beverage cooler, a double door sandwich top cooler, a coffee machine, seating and tables, a POS system, a Nutella warmer, shelving and service counter, an induction cooktop, a stand mixer, triple sinks, a ventless oven, a table top warmer, a table top refrigeration unit, metro racks and carts, an ice cream drop freezer, food storage containers, stainless steel pans, crepe tools, cutting boards, menu boards, and much more! Whether you're looking to expand your business or start something new, this could be just what you need. With everything included in the purchase price, there's no excuse not to take advantage of this incredible deal today.
While traditional SBA lending is not available for this Crepe Shop/ Cafe for Sale opportunity, there are other options! We have lender resources that can provide unsecured lending for qualified buyers.
This Crepe Shop/ Cafe for Sale is the perfect opportunity for anyone who wants to own their own restaurant or expand an existing establishment. Purchasing this crepe restaurant is a quick way to get your doors open without having to spend thousands on construction.
Contact us today to learn more and schedule a viewing!
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DETAILED INFORMATION
Location
Minneapolis, MN
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
998
Lease Expiration
01/08/2025
Employees
1
Facilities
Sales counter and build-out Crepe makers (4 units) Upright refrigeration units (2 units) Medium upright beverage cooler Double door sandwich top cooler Coffee machine Seating and tables POS system Nutella warmer Shelving and service counter Induction cooktop Stand mixer Triple sink and other sinks Waring ventless oven Cayenne table top warmer Avantco table top refrigeration unit Metro racks and carts Ice cream drop freezer Food storage containers Stainless steel pans Crepe tools (spatulas, spreaders, etc.) Cutting boards Menu boards
Competition
Pros 1. Prime Location: Crepe Avenue is located in the Minneapolis skyway system, which ensures a steady flow of foot traffic from office workers, shoppers, and tourists. This high-traffic location is advantageous for attracting a diverse customer base. 2. Growing Market: Downtown Minneapolis is experiencing growth in foot traffic and residential occupancy. This positive trend provides an opportunity for increased customer engagement and sales. 3. High Customer Ratings: Crepe Avenue enjoys a high rating of 4.5 on Google, indicating strong customer satisfaction and a positive reputation. This can attract new customers and build loyalty. 4. Online Presence: The restaurant has a well-maintained website and a good Facebook presence, enhancing its visibility and accessibility to potential customers. Cons 1. Intense Competition: The skyway and surrounding areas host several other quick-service restaurants such as MyBurger, Breizh Creperie, EggFlip, Kadai Indian Kitchen, and Bamboo Garden Restaurant. This high concentration of eateries can make it challenging to stand out and capture market share. 2. Limited Operating Hours: Crepe Avenue currently operates only from Monday to Friday with limited hours. This restricts its ability to attract customers who might prefer to visit during evenings or weekends. 3. Dependency on Office Workers: The skyway system primarily serves office workers. Changes in work patterns, such as remote work trends, could negatively impact foot traffic and, consequently, sales. 4. Economic Fluctuations: The restaurant industry is sensitive to economic changes. Any downturns could affect discretionary spending, impacting customer visits and revenue.
Growth & Expansion
Pros 1. Rebranding Opportunity: Little current marketing and the flexibility to change the name and concept opens up possibilities for new market positioning. 2. Prime Downtown Location with Growth Potential: Access to a diverse customer base including office workers, shoppers, and tourists in an area experiencing increased foot traffic and residential growth. 3. High Customer Ratings and Strong Online Presence: A 4.5-star rating on Google and a good online presence can attract new customers, promote offerings, and encourage repeat visits. 4. Potential for Extended Hours: Expanding to evenings and weekends can attract new customer segments and increase revenue. 5. Synergy from Nearby Restaurants: A vibrant dining scene with more good places to eat nearby creates a dining hub, attracting more customers overall. 6. Opportunity for Delivery, Catering, and Pick-Up: Currently, there is not much focus on these services, presenting a potential growth area. Cons 1. Increased Operational Costs: Higher costs for staffing, utilities, and inventory with expanded hours or services. 2. Intense Competition: Numerous dining options in Downtown Minneapolis require strategic differentiation. 3. Reliance on Foot Traffic and Economic Fluctuations: Success depends on consistent foot traffic, which may be affected by remote work trends and economic conditions. 4. Resource Allocation: Expanding operations demands significant resources, potentially straining current operations.
Support & Training
2 weeks
Reason for Selling
Relocation
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Scott
Ruby
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Scott Ruby
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