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.
CA 02100708
NV 1003039
Financial Information
$275,000
Asking Price
On request
Cash Flow
$425,000
Gross Revenue
Negotiable
Down Payment
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.
Save
