Listing ID: 83381
Live the Maine dream! Beautiful boutique bakery and coffee shop inspired specifically by Victorian decor and ambiance located at one of the busiest intersections in the Midcoast Maine. Their staples include cookies, lattes and made-to-order wraps. The sellers expanded the business to also sell books and locally made gifts. It is located in a welcoming, trendy, coastal community with very diverse population filled with tourists, drop-ins and passerby’s.
There is future growth in expanding operating hours and renewing the wine selling license. This is a low-stress business open five days a week year-round. Ownership will provide training with sale and transition over its proprietary cookie recipes. Bring your concept or continue running under the present brand!
The exquisitely restored 1850 Victorian building with plenty of parking is included.
- Asking Price: $1,950,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Exquisitely restored and renovated circa 1850 Victorian building with remarkable detail and mechanical components. Sprinkler system, air conditioning, updated mechanical systems, in-ground watering system, heated steps, and parking for over 15 cars. Outdoor seating utilized spring, summer and fall. Outstanding craftsmanship, built-in cabinetry and custom walnut floors and stairway.
Seller will stay on to train.
Moving out of state
Expand the hours of operation to take advantage of the "coffee crowd" (currently opens at 10 am). Acquire wholesale accounts for cookie sales (there have been inquiries for this). Renew the license for wine sales.
The business was founded in 2017, making the business 5 years old.
The company has 3 employees and is situated in a building with disclosed square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell operating businesses. However, the genuine factor and the one they tell you may be 2 entirely different things. As an example, they might state "I have a lot of various obligations" or "I am retiring". For many sellers, these factors are valid. But also, for some, these may just be reasons to attempt to conceal the reality of altering demographics, increased competitors, recent decrease in earnings, or a variety of various other factors. This is why it is extremely crucial that you not rely entirely on a vendor's word, but instead, make use of the seller's solution together with your total due diligence. This will repaint a much more reasonable image of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Numerous businesses borrow money in order to cover points like supplies, payroll, accounts payable, etc. Remember that occasionally this can mean that earnings margins are too small. Numerous organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations 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 vendors that should be met or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in new consumers? Often times, companies have repeat clients, which form the core of their daily revenues. Specific variables such as brand-new competition sprouting up around the location, roadway building and construction, and also personnel turn over can affect repeat consumers and adversely affect future incomes. One vital thing to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business often, the greater the chance to construct a returning client base. A last thought is the basic area demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? How might the regional median home earnings impact future revenue potential?