Asking Price: $60,000
Cash Flow: $39,000
Gross Revenue: $362,000
Lease Rate/Sq. Ft.: $28/yr
Lease Expiration: 12/31/2024
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: 1,247 sq foot of space. Rent is $3,000/month with a lease expiring in 12/31/19 with a five year renewal option.
Competition: There are several other coffee shops within a reasonable proximity. However, this is a more unique local brand as opposed to a national franchise.
Growth & Expansion: An expanded online presence as well as social media marketing would expand customer reach. The franchise does provide merchandising, marketing, and advertising research support as well as the website. The biggest boost would come from having an owner working in the shop, supervising and motivating staff, socializing with the customers and networking in the community. The buyer could buy additional locations in their own territory or even buy another territory.
Support & Training: The owner can help with training and transition. There is a full time manager that can also help. The franchise also provides training.
Reason for Selling: The owners other careers do not allow time to develop this business.
Franchise: This business is an established franchise