-
$225,000
Sold For
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$558,173
Revenue
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$111,731
Discretionary Earnings
-
Leased
Real Estate
Premium LA County location contributes to the growing success of this Coffee Shop/Cafe. 2016 gross sales of over $500,000, 2017 on track for sales of $538,000 with earnings of $111,731. Coffee shop/Cafe location established in 1991 in an affluent downtown area frequented by local college students and a surrounding community who support local businesses. Large events in the downtown area throughout the year attract thousands of people.
Financial Summary
Summary | 2017 |
Revenue | 558173 |
Cost of Goods Sold | 13287 |
Gross Margin | 544886 |
Operating Expenses | 489387 |
Net Profit | 55499 |
EBITDA | |
Owners Benefits | 56232 |
Discretionary Earnings | 111731 |
Premium LA County location contributes to the growing success of this Coffee Shop/Cafe. 2016 gross sales of over $500,000, 2017 on track for sales of $538,000 with earnings of $111,731. Coffee shop/Cafe location established in 1991 in an affluent downtown area frequented by local college students and a surrounding community who support local businesses. Large events in the downtown area throughout the year attract thousands of people.
The Coffee Shop/Cafe has a highly recognized social media presence including Facebook, Twitter, Instagram the coffee shop/cafe has earned an excellent reputation throughout the community and surrounding cities with a 4 ½ Star Yelp rating from 445 reviews.
Remodeled in 2015 the cafe provides a relaxed atmosphere plus sidewalk seating with an impressive menu selection that includes fresh sandwiches, salads, soups, specialty coffee drinks and more. Delivery service is made available to local residents and businesses through Eat24, Door Dash, and Grubhub. Contracts with local schools and businesses contribute to the cafe’s profitability.
The owner works full time in the store with a friendly, outgoing staff of 14 that includes 3 leads. Staff are well trained, part-time W2 employees and enjoy working at the cafe.
Asking $225,000 plus inventory. SBA financing is available with good buyer credit. Down payment with SBA financing is $75,000.
Due to health issues Seller must sell and wants to find a buyer that will continue to make a positive impact in the local community and build on the success of the business.
Represented by Bill Grunau, Orange County Business Broker, Hines & Associates