Project Description

About the Business

This full service specialty coffee shop and fast-casual restaurant is a well established institution in town and has an excellent reputation for quality and service. Restaurant features specialty coffees, pastries & bakery goods, sandwiches, wraps, and soups; most produced on-site from family recipes.

For 2019, seller reports revenue of $599,000 – approximately 43% coffee and drinks and 53% food. Cost Of Goods Sold that is above industry averages of 28% to 32% offers an opportunity to improve performance and cash flow.

“Cash Flow” is intended to approximate the funds available to a single working owner/operator; it excludes the expenses of income taxes, depreciation and amortization, interest, non-recurring items, non-operating items, and items made at the discretion of the owner including owner’s salary and benefits.

About the Sale

Management and training support:
Seller to provide assistance as mutually agreed to insure a smooth transition.

Reason for selling:
Family health issues.

Additional Details:
Confidential information about this opportunity is available to qualified buyers upon signing a Confidentiality Agreement and completing a Buyer Profile – these documents are available on this website’s For Buyers page.

DETAILS:
Price: $510,000 plus inventory
Gross Income: $599,000
Cash Flow: $94,500
Inventory: $500 typical
Employees: 19 part-time plus a full-time working owner
Furniture, Fixtures, & Equipment: Store fixtures and equipment included, some owned by suppliers
Facilities Leased locations with 3 and 4 years remaining terms and options to renew. Lease terms are confidential.
Year Established 2006
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