Listing ID: 81599
This coffee shop offers its locals a wonderful experience and a great vibe. The perfect espresso is poured out of the high-end espresso machine, The focus is coffee, smoothies, some baked goods, and Acai bowls. This approx. 900 sq foot corner location is on a very visible corner with ample parking and a nice outdoor patio. Add some sandwiches, wraps, and salads. This location does not come with the name, but it is situated in a spot where even if the name changes will not make a difference. All equipment is included, if planning on changing the concept the owner will reduce the price if the coffee equipment is not included. This place will not last. Make an appointment to see it. Great place for a novice owner.
- Asking Price: $59,000
- Cash Flow: $37,128
- Gross Revenue: $204,000
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $200
- Inventory Included: Yes
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:900
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Owner will train for 2 weeks, no cost.
Other Business Interest
The venture was established in 2019, making the business 3 years old.
The sale will include inventory valued at $200, which is included in the requested price.
The company has 2 employees and is situated in a building with disclosed square footage of 900 sq ft.
The building is leased by the business for $1,929.77 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell businesses. However, the genuine reason and the one they say to you might be 2 completely different things. As an example, they might say "I have a lot of various commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might simply be justifications to try to conceal the reality of altering demographics, increased competition, current reduction in incomes, or a variety of various other factors. This is why it is extremely vital that you not count completely on a vendor's word, however rather, utilize the vendor's response together with your general due diligence. This will repaint a much more sensible picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Many companies borrow money in order to cover items such as supplies, payroll, accounts payable, and so on. Remember that in some cases this can indicate that earnings margins are too small. Lots of companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may 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
How do businesses in the location draw in brand-new customers? Often times, businesses have repeat customers, which create the core of their everyday profits. Specific elements such as brand-new competition growing up around the location, road construction, and employee turnover can impact repeat customers and also adversely impact future earnings. One important point to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Clearly, the more individuals that see the business often, the greater the possibility to construct a returning client base. A final thought is the basic area demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? Just how might the local typical family income influence future revenue prospects?