Listing ID: 83477
Dreamed of owning a coffee shop? This is an amazing opportunity to own a successful, ideally-located coffee shop in Cumberland County that has earned a loyal customer base and benefits from consistent growth in new customer business. This turn-key business is widely-recognized for its top-notch customer service and high-quality offerings. Customers love the menu, especially the coffee and espresso drinks. There is both indoor and outdoor seating. Online ordering is fully functional and keeping this business buzzing.
- Asking Price: $90,000
- Cash Flow: $24,069
- Gross Revenue: $267,358
- EBITDA: N/A
- FF&E: N/A
- Inventory: $3,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
The current owners are deeply invested in setting the new owner up for success and will gladly work with them for a couple of weeks.
The coffee shop has earned a glowing reputation and occupies a unique niche in its market.
The deal will include inventory valued at $3,000, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell operating businesses. However, the genuine factor and the one they tell you may be 2 totally different things. As an example, they might say "I have too many other obligations" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may just be reasons to try to conceal the reality of altering demographics, increased competition, current decrease in incomes, or an array of other reasons. 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 in conjunction with your total due diligence. This will repaint a much more realistic image of the business's current scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies finance loans in order to cover items like stock, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that earnings margins are too small. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that should be satisfied or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area draw in brand-new consumers? Many times, operating businesses have repeat consumers, which develop the core of their everyday profits. Particular factors such as brand-new competition growing up around the area, roadway building and construction, as well as employee turn over can influence repeat customers as well as adversely affect future profits. One important point to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business regularly, the greater the possibility to develop a returning client base. A final idea is the basic area demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? How might the local median family earnings impact future income potential?