BizEx416-MS: Coffee, Tea,Smoothie & Specialty Drinks Franchise



Background:

General Location:Manhattan Beach, CA
Category:Restaurants > Restaurant
Restaurants > Coffee Shop
Years in Business:3
Under Present Owner:2
Hours of Operation:M-Sun 7:00 am-8 pm
Owner Hours:None
Training:2 weeks, 20 hours/week
Organization Type:
Lease Expiration:June 2014
Lease Options:1 @ 3 years
Building Size:1165 sqft
Employees:4 PT

Reason for Sale:
Other business interest

Financials

Asking Price:$149,000
Down Payment:Negotiable
Gross Sales:$225,000
Discretionary Cash Flow:$60,000
FF&E:$ 50,000
Inventory Included?no
Inventory:$ 3,000
Minimum Operating Capital:call
Real Estate Available?No
Real Estate Asking Price:n/a
Rent:$ 3,100/month
Payroll:$ 3000/month
Financing:Call

201020112012 projected
Gross Sales191300225000260000
Gross Profit143000168000195000
Disc. Earnings280005600094000

* YTD as of , ** = Prorated.

Broker Info


Mina Singson
Business Broker
(310) 882-2200 ext 125
LIC# 01866495

Summary

A neighborhood favorite in this South Bay beach community known for its delightful choices of tea, coffee, juice slush, sandwiches and baked goods, not to mention the friendly staff, clean and warm environment and the Free WI-FI service!!

Locals love going to this place and end up staying for a while.

Unlike other franchises that charge a percentage of the sales, this franchise opportunity only charges a flat monthly fee which leaves the owner more profit to take home. And more flexibility on their menu.

Situated in a shopping center with little major competition in the area. There are no Starbucks,Jamba Juice or the likes nearby which makes this a local hub for coffe and beverage-loving customers.

Owner-absentee business.

High visibility. Along a major thoroughfare that leads to the freeway exit. Surrounded by expensive homes. Only a few miles from the beach.

Contact Mina Singson now for more information at msingson@bizex.net or 310-882-2200 x 125.


More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.