Listing ID: 77134
Turnkey coffee shop for sale in Walnut Creek walking distance to Bart station, close to Sprout supermarket and restaurants. Ambiance is amazing with artwork all around. The shop is spacious , clean and beautifully decorated. They serve handcrafted coffee from temple, espresso drinks and other light meals. Approximately 1600 sq ft with high ceiling, ADA restroom, outdoor patio with 16 seating. Lease amount is $8000 all inclusive. Some of the equipment included are espresso machine, brewing coffee machine, 2-door under the counter refrigerator, espresso coffee grinder, display cooler, POS system coffee brewing machine, 2-door freezer, ice machine and more
- Asking Price: $130,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
The real estate is leased by the company for $8,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell businesses. Nevertheless, the real reason vs the one they tell you might be 2 entirely different things. As an example, they may state "I have too many various commitments" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in profits, or an array of other factors. This is why it is extremely essential that you not count absolutely on a vendor's word, yet instead, utilize the vendor's answer combined with your total due diligence. This will paint a more reasonable image of the business's current scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous businesses borrow money in order to cover things like supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can mean that revenue margins are too thin. Numerous companies fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that should be fulfilled or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area attract new clients? Many times, businesses have repeat customers, which develop the core of their daily earnings. Certain variables such as new competition growing up around the location, roadway building and construction, and staff turn over can impact repeat customers and negatively influence future earnings. One crucial point to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business on a regular basis, the greater the chance to construct a returning client base. A final idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? How might the local mean house income influence future revenue prospects?