Business For Sale Listing 153309
Gorgeous Independent Coffee Bistro in Outstanding
Status as of Dec-1-2008 at 06:00 PM: Active
Business Summary
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+ 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 $290K/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
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