Listing ID: 77143
PRICE REDUCED: This café is a hand-crafted coffee and espresso shop with a very in-demand gluten-free, vegan and locally sourced menu. The café serves breakfast and lunch with unique twists on classic food and drink. Located in a high-traffic center, it is the go-to spot for locals and workers alike. The center is anchored by great national brands, offers ample parking, and is close to several major freeways.
The buildout is fantastic; the entire space is tuned to maximize revenue. In fact, before laying the first brick, the owner surveyed the local community extensively to see what they wanted in a café! The rustic lounge and dining area have ample seating, a stage for entertainment, a large order counter with overhead digital menus, and a barista workspace with all the bells and whistles. The kitchen is spacious, with top-of-the-line well-maintained equipment. There is a private office upstairs and ample dry storage on the mezzanine, and the restaurant also offers a large private patio and additional shared patio.
The owner is moving back to his hometown, which is too far to commute to the store. So he’s decided to pass on his beloved business to an energetic Buyer who can step in to this solid foundation and grow the empire! The owner currently does no advertising or catering, so invest in marketing to increase your exposure and grow the customer base. Hire a catering manager to leverage their stellar community reputation; increase banquet and event business and grow revenue! Finally, the menu is under market; there’s room to raise their prices and increase the bottomline. The seller is an Absentee owner, so an owner-operator can shave payroll and put more money in their pocket!
This café is an excellent opportunity for a driven restaurateur: it has stellar goodwill, excellent lease terms, great profitability, and is ready to grow! Best of all, if you’re interested in owning two locations, the Seller’s second fantastic store is also available; CLICK HERE for more details. Act now, these location will sell fast!
- Asking Price: $405,450
- Cash Flow: $198,974
- Gross Revenue: $941,841
- EBITDA: $198,974
- FF&E: $25,000
- Inventory: $4,500
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,497
- Lot Size:N/A
- Total Number of Employees:14
- Furniture, Fixtures and Equipment:N/A
All recipes included in sale. Their 41 ABC license is very underpromoted! Lots of room to grow: only 2 beers and a small wine list! High Traffic Location, Location, Location with ample parking! Upstairs mezzanine includes private office equipped with camera surveillance system, plus plenty of floor-to-ceiling racks for dry goods storage! Two patios: fenced, private patio (25 seats) and an shared open, central patio (50 seats) In-demand concept: gluten-free pastries, locally sourced ingredients, and many vegetarian options. a local favorite with 4+ stars across 750+ online reviews
Owner will Train
Moving out of Area-too far to commute
The venture was started in 2013, making the business 9 years old.
The sale won't include inventory valued at $4,500*, which ins't included in the listing price.
The business has 14 employees and is situated in a building with disclosed square footage of 2,497 sq ft.
The real estate is leased by the business for $6,242.50 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell businesses. However, the genuine reason and the one they say to you may be 2 completely different things. For instance, they may say "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may simply be justifications to attempt to hide the reality of changing demographics, increased competitors, recent reduction in incomes, or an array of various other factors. This is why it is extremely crucial that you not rely totally on a vendor's word, yet rather, make use of the vendor's answer combined with your total due diligence. This will paint an extra sensible image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses finance loans so as to cover things like inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can mean that revenue margins are too tight. Numerous organisations fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that should be satisfied or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in new clients? Most times, businesses have repeat consumers, which form the core of their day-to-day revenues. Specific elements such as new competitors sprouting up around the location, roadway building, and also staff turnover can influence repeat customers and also adversely impact future profits. One vital point to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Clearly, the more individuals that see the business on a regular basis, the better the possibility to develop a returning customer base. A last thought is the general area demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? Just how might the local median home earnings impact future income prospects?