Listing ID: 78927
Unique regionally recognized turn-key cafe opportunity available. This popular gathering spot prides itself on roasting its own coffee and has the reputation of producing the finest coffee and espresso in the area.
Owners have capitalized on a multi revenue earning business to include Cafe, bakery, entertainment venue & full bar. Menu includes breakfast fare, sandwiches, wraps, salads & House Made Baked Goods.
* Pre 2020 Average Gross Sales of $1,000,000 includes Evening Entertainment
Average (3) Yr. Gross Revenue $600,000
- Asking Price: $335,000
- Cash Flow: $80,000
- Gross Revenue: $450,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,400
- Lot Size:N/A
- Total Number of Employees:15
- Furniture, Fixtures and Equipment:N/A
Tastfully Fit Up & Comfortable Cafe with total seating capacity of over 100. Inviting Full Service Bar area with Kitchen equipped for Lighter fare.
Owner will Assist in 2 week training & transition period
Owner Focussing on other Business Opportunities
Unique Concept with On Sight Roasted Coffee & Expresso.Also has potential for Evening & weekend entertainment.
Expantion of Hours of Operation
The venture was founded in 2010, making the business 12 years old.
The business has 15 employees and resides in a building with disclosed square footage of 2,400 sq ft.
The property is leased by the company for $3,100 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell companies. However, the true reason vs the one they tell you may be 2 completely different things. As an example, they might state "I have too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these may just be justifications to attempt to conceal the reality of altering demographics, increased competition, current decrease in revenues, or a range of other factors. This is why it is really important that you not rely entirely on a seller's word, yet instead, use the seller's solution combined with your overall due diligence. This will paint a much more realistic picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses finance loans with the purpose of covering things like inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can suggest that earnings margins are too thin. Many companies come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that have to be satisfied or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location attract new customers? Most times, operating businesses have repeat customers, which create the core of their day-to-day profits. Specific variables such as brand-new competition growing up around the location, roadway building, as well as staff turnover can impact repeat clients as well as negatively influence future profits. One important point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business often, the higher the chance to construct a returning client base. A last thought is the basic area demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? Exactly how might the neighborhood median home income influence future earnings prospects?