$275,000.00
Asking Price
Status: Active
Posting ID: 284293
4/11/24
Description
Popular Absentee Owner Northern California Coffee Shop - SC2161
Financial Information
Asking Price: $275,000
Cash Flow: On request
Gross Revenue: $425,000
Down Payment: Negotiable
This Northern California based Coffee Shop is a California Sub-Chapter S Corporation and was formed 4 years ago and has been under current ownership since inception. All coffee beans are fair trade and ethically sourced from a variety of origins, and freshly roasted for great taste. Their coffees are carefully selected from the best coffee farms from around the world. This coffee shop has a great centralized location, and has a full menu developed by a professional chef that was provided prior to Covid, but owners decided not to do the menu post covid, but all the recipes are available for a new owner to implement. This includes sandwiches, salads, and toasts. In 2022, they were voted the most popular coffee shop in the city they are located in. They are also highly ranked based on customer reviews on Yelp and Google.
Business Location
City: Northern California
State: California
Reason for Sale
The reason for selling is Seller would like to pursue other interests.
Detailed information
Year Established: 2019
Home Based: No
Franchise: No
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 5
Part-Time Employees: 1
Contractors: N/A
Owner Worked Hours/w: 4
Adjusted EBITDA: On request
Inventory Included: Yes
Inventory Value: $3,000
Monthly Rent: $4,962
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 1059
FF&E Included?: Yes
FF&E Value: $100,000
Training/Support
The Seller is willing to provide training at 20 hours per week for 4 weeks for the new owner. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller.
Facilities
They currently operate out of a 1,059 square foot space with a base rent of $4,092 and monthly CAM charges of $870. The current lease term is 6 years with a 5-year option. They also have a monthly storage fee of $111. The lease is assignable.
Market Outlook/Competition
The market size, measured by revenue, of the Coffee & Snack Shops industry was $63.6B in 2022. The market size of the Coffee & Snack Shops industry increased 2.2% in 2022. The market size of the Coffee & Snack Shops industry in the US has grown 5.6% per year on average between 2017 and 2022. The market size of the Coffee & Snack Shops industry in the US increased faster than the economy overall.
CA 02100708
NV 1003039
To get more information about this Coffee Shop - Popular, Absentee Run, 4 Years Old business for sale in please phone Adriana Sargent (Intermediary - BRE License #:02100708) at 408-981-7799 Call and 408-981-7799 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #284293 on BizBen.com. In addition to phoning Adriana Sargent, make sure you email Adriana Sargent above to get more info about this Coffee Shop - Popular, Absentee Run, 4 Years Old, to ask any questions or request an appointment to see this business for sale. Thank you. License # 02100708. Sunbelt Business Brokers of Sacramento.
Contact
Details
Asking Price: $275,000.00
Down: Call/Email
Cash Flow: Call/Email
Revenue: $425,000.00
Area:
City: None Given
Attributes:
My Notes About This Listing
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