Listing ID: 80891

Business Overview

Premier Coffee Shop location available: This business has been in operation for over 10 years. The location is in great shape with patio seating, a drive-thru and a variety & quality of seating selections. Owners are selling to focus in on their core business.

-Cash Flow listed is with a hands-on working owner eliminating the Manager Salary.
-Sales have turned around after the Pandemic closures from last year with a sales increase of 28.30% for 2021 and a good positive cash flow!
-This would be a great opportunity for a hands-on working owner to focus on improving sales & profits.
-This location has a seating capacity of 78, featuring a drive-thru with plenty of indoor and outdoor seating available for their customers to relax while enjoying their favorite menu items.
-Opportunities for a new Owner Operator include promoting more catering events, promote more on social media, contacting local businesses for meeting space opportunities, promoting patio events, and possibly having evening wine social events or tastings.
-Current business hours are 6:00am to 6:00pm Monday-Friday, 7:00am to 6:00pm Saturday and 7:00 am-3pm on Sundays. These hours were changed during COVID and could be extended if enough staff is available.

Prospective Buyers must sign a Confidentiality Agreement, provide a short resume, as well as provide “Proof of Funding”.

This might be the right opportunity for you so “GIVE US A CALL TODAY”!

Financial

  • Asking Price: $159,000
  • Cash Flow: $62,629
  • Gross Revenue: $397,491
  • EBITDA: N/A
  • FF&E: $109,540
  • Inventory: $9,500
  • Inventory Included: Yes
  • Established: 2005

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,740
  • Lot Size:N/A
  • Total Number of Employees:12
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

-The facility has fresh paint, upgraded lighting fixtures with TI improvements and is in “GREAT CONDITION”! The store size is 2,740 sq. ft.

Is Support & Training Included:

Negotiable!

Purpose For Selling:

Owners are selling to focus in on their core business.

Additional Info

The company was established in 2005, making the business 17 years old.
The deal will include inventory valued at $9,500, which is included in the asking price.

The company has 12 employees and resides in a building with estimated square footage of 2,740 sq ft.
The building is leased by the business for $3,500 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people resolve to sell operating businesses. However, the real reason vs the one they say to you may be 2 completely different things. For instance, they might claim "I have too many various responsibilities" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these might simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, current reduction in revenues, or a variety of other reasons. This is why it is really essential that you not rely completely on a seller's word, yet rather, use the seller's solution in conjunction with your total due diligence. This will repaint an extra reasonable image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses finance loans in order to cover points such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can suggest that earnings margins are too tight. Lots of companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that must be met or may cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area draw in brand-new customers? Most times, businesses have repeat consumers, which create the core of their everyday earnings. Specific factors such as brand-new competition sprouting up around the location, roadway building and construction, and staff turnover can influence repeat clients as well as adversely influence future profits. One crucial point to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business regularly, the higher the chance to build a returning customer base. A last idea is the general location demographics. Is the business located in a densely populated city, or is it located on the edge of town? How might the regional mean home income impact future income prospects?