Gorgeous Independent Coffee Bistro
Location:
United States
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California
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Southern California - All Southern California
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Riverside - San Bernadino
Industry: Food and Beverage > Other Food and Beverage
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.
Independent coffee shop for sale is 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.
Year Established: 2005.
Employees: 2.
Facilities: AAA location in Mission Grove Area of Riverside with major anchor tenants.
Competition: This is the only true coffee bistro in Mission Grove.
Financing: seller financing negotiable and available.
Support/Training: Seller training provided.
Reason Selling: partnership did not work out.
Email or call Pablo Fonseca Spectrum Business Advisors Phone: 951.235.4078.
Financials
Asking Price Range: < $250K
Gross Revenues:
$290,000
Cash Flow:
$29,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $200,000
Seller Financing: No
About The Business
Year Established: 2004
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Seller training provided.
Reason For Selling: Partnership did not work out.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Other Food and Beverage business for sale.
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Print Listing Id: 70091396
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