Popular Absentee Owned Coffee Franchise SC2217

Business Overview:

Popular Absentee Owned Northern California Coffee Franchise - SC2217

Financial Information
Asking Price: $100,000
Cash Flow: On request
Gross Revenue: $300,000
Down Payment: $100,000

This Northern California based Coffee Franchise is a California Sole Proprietorship and was formed 5 years ago and has been under current ownership since inception. The franchisor has been operating since the 1960’s, and have been dedicated to crafting the perfect cup. They are committed to improving conditions in coffee communities around the world. They responsibly source coffee from 24 countries and perform 20,000 annual audits supporting 23,000+ farmers. This franchise is located in a unique high traffic area. They have highly trained baristas and offer a wide variety of coffees and teas. This is an absentee run business. The new owner is NOT OBLIGATED to retain this location under the franchise name, and can convert it over to an independent business. They are open Monday through Saturday from 10:00AM to 9:00PM and on Sunday from 11:00AM to 7:00PM.

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Property Features and Assets:

​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: 2020
Home Based: No
Franchise: Yes
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 6
Part-Time Employees: 1
Contractors: N/A
Owner Worked Hours/w: 2
Adjusted EBITDA: On request
Inventory Included: Yes
Inventory Value: $5,000
Monthly Rent: $19,226
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 800
FF&E Included?: Yes
FF&E Value: $50,000

Market Competition and Expansion:

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.

Training/Support
The Seller is willing to provide training at 20 hours per week for 2 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 an 800 square foot space with a base rent of $13,930.61 and monthly CAM charges of $3,608.29. There is an additional fee of $1,714.41. The current lease term is until 2030.

CA 02100708
NV 1003039​

Reason for Selling:

The reason for selling is Seller would like to pursue other interests.

Additional Details:

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