Listing ID: 73388
This Coffee Shop/Café is located in a great neighborhood. This shop is located on the “Main Drag” of this very popular small town in Columbus. The location is surrounded by a very densely populated area with homes, condo’s, and other local retailers. Both the car traffic and walk by traffic are heavy. This is truly a great spot for this business.
This is a small coffee shop/café that is a popular meeting spot for all the neighbors. IT has a small dining area inside, along with a great patio on the side and in front. You want to be seen, this is the place, They have great coffee, pastries, and other eats TOO.
There is no kitchen, as the baked goods are supplies by local bakery.
The rent is very favorable as it includes all utilities.
Owner is selling as they realized this type business can’t operated by absentee owner.
Confidential Sale, so sign the CA attached
- Asking Price: $125,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:500
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
500 sq ft with great patios and a cute dining area
Owner will supply necessary training
Other Business interests
Great Location with great coffee and eats
Get involved locally in the neighborhood
The venture was established in 2016, making the business 6 years old.
The real estate is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell businesses. However, the true factor vs the one they tell you may be 2 entirely different things. As an example, they may claim "I have way too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may just be excuses to try to hide the reality of altering demographics, increased competition, current decrease in incomes, or an array of various other reasons. This is why it is extremely vital that you not depend totally on a seller's word, but rather, utilize the vendor's response combined with your overall due diligence. This will repaint an extra practical image of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans so as to cover things like supplies, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that revenue margins are too thin. Many businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that should be met or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract brand-new clients? Many times, companies have repeat consumers, which form the core of their daily earnings. Particular factors such as brand-new competition growing up around the location, roadway building and construction, and personnel turnover can impact repeat clients and also adversely influence future revenues. One crucial point to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the greater the possibility to build a returning consumer base. A last thought is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the local median family earnings influence future income potential?