Business for Sale

Under Contract

Coffee, Boba, Juice, Sandwich Shop Manhattan Beach

BizEx1222-EM

Background

General Location:Manhattan Beach, CA
Category: Restaurant
Coffee Shop
Years in Business:9
Under Present Owner:2
Hours of Operation:7 days; 7:00am - 5:00pm
Owner Hours:Varies
Training:2 weeks @ 30 hours
Organization Type:S-Corp
Lease Expiration:2019 + 5 Year Option
Lease Options:5 Year Option
Building Size:1,100
Employees:5
Reason for Sale:Moving out of Country

Financials

Asking Price:$150,000
Down Payment:Negotiable
Gross Sales:$450,000
Discretionary Cash Flow:$50,000
FF&E:
Inventory Included?Yes
Inventory:$8,000
Min. Operating Capital:TBD
Real Estate Available?No
Rent:$5,420
Payroll:$7

2018 May 2017
Gross Sales $ 205,000 $ 480,000
Gross Profit $ $
Disc. Earnings $ 57,000 $

Description

Well established coffee, tea, juice, Boba and gourmet sandwich shop in the upscale beach community of Manhattan Beach.

This neighborhood business has many loyal, repeat customers and 5 friendly employees. It operates in 1,100 sq. ft. and is located on a busy street in a well maintained center with plenty of free parking. 

The business was totally renovated with a modern design and all the kitchen equipment was updated a year ago, including a new display refrigerator.

This is a franchise store of a Los Angeles based with 20 locations - very simple transfer process to a new owner.

Asset Sale to include all FF&E and Inventory. Owner will offer a reasonable training at COE.

For more information, please complete the "Buyer Registration" including a Non-Disclosure Agreement on-line at www.bizex.net

Eric Mellem, Business Broker and M & A Advisor, (310) 293-6414, emellem@bizex.net


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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.

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Eric Mellem
Business Broker/ M&A Advisor
4551 Glencoe Ave. #210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802