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Business For Sale
GORGEOUS INDEPENDENT COFFEE BISTRO IN OUTSTANDING
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Asking Price: |
$95,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Coffee, Cafe, Dessert
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Reason for Selling:
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Partnership did not work out |
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Year Established:
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2004 |
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# of Employees:
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2 |
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Yearly Revenues:
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$290,000 |
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Yearly Net Profit:
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$29,000 |
Business for Sale Overview:
Financials:
Asking: $95,000.
Included in the Asking Price:
Furniture, Fixtures & Equipment: $250,000.
Not Included in the Asking Price:
Inventory: $25,000.
Gross: $290,000.
Cash Flow: $29,000.
Summary Description:
Summary Description Independent coffee shop in a great, A plus location. This is a great lifestyle business for an owner operator. Ability to offer freshly bake goods on site. They also provide a venue for many events: Speed dating (once a month). Live music twice a week, Chess Club once a week, Children's songs Friday morning, Monthly Art shows, Art lessons, Open Mic. Current owner has been in business only 7 months. Partnership did not work out as planned. Facilities Located in an upscale shopping center with LA Fitness, Wells Fargo, Chilli's, and several restaurants. This facility was formerly a franchise location for Its A Grind. Great layout, excellent equipment, high-end and cozy decor. 2008 Projections/Costs Sales $290,000 per annually. Rent $5,600 monthly. Utilities $1,100 monthly. Labor $10,000 monthly. Food $12,000 monthly. Leases Lease is assignable. Opportunity The build-out on a similar operation would exceed $250,000. Operational experience would make success inevitable. Great opportunity for an Owner-operator to turn this business around. Listed Price is $95,000.
General Information:
Year Established: 2005;
Employees: 2;
Facilities: AAA location in Mission Grove Area of Riverside with major anchor tenants.
Market Outlook:
Competition: This is the only true coffee bistro in Mission Grove.
About the Sale:
Financing: seller financing negotiable and available;
Support/Training: Seller training provided;
Reason Selling: partnership did not work out.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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