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Newport Beach, Orange County, California
Asking Price
$390,000
Revenue
$1,270,759
Down
$390,000
Cash Flow
$129,665
Name: Mike Shakeri
Phone: Show phone number
Name
Mike Shakeri
Phone
Show phone number
Posting ID:
2996038
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Presenting a remarkable opportunity to own a well-established, fully equipped Coffee Shop & Bakery located in the bustling city of Newport Beach, California. Nestled in a high-traffic shopping center underpinned by a major grocery store, this business, priced at an asking price of $390,000, is a turnkey operation that is a successful venture for its potential new owner. The 1,320 sq.ft. space plus a large, shared patio, perfect for dine-in guests and outdoor service. The business has a strong virtual presence with excellent Yelp and Google reviews, a testament to our loyal customer base. The business records an impressive annual revenue of $1,270,759 with a cash flow of $129,665, demonstrating its strong financial performance. The business offers a full-service coffee bar serving a variety of options, a mouth-watering breakfast menu, and a wide range of fresh lunch options. Additionally, it is known for its delicious desserts and sweets made fresh daily. The business also offers catering services, which are popular with local offices and event planners. The fully equipped kitchen includes a 4-burner stove with hood, ovens, refrigerators, prep stations, and more, providing all the necessary tools for a seamless operation. This opportunity is ideal for a first-time business owner or a seasoned investor looking to expand their portfolio. The buyer must demonstrate strong financial qualifications to be approved by the landlord. Don't miss this rare opportunity to own a profitable business in a prime location.
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