Coffee Boba Ice Cream Sandwich café - Beach Area
Home / Listing / Coffee Boba Ice Cream Sandwich café - Beach Area
Background
| BizEx ID: | BizEx1439-EM |
|---|---|
| General Location: | Beach City in LA, CA |
| Category: |
Coffee Shop Other Eating & Drinking Places |
| Years in Business: | 16 |
| Under Present Owner: | 1 |
| Hours of Operation: | 8:00am - 7:00pm |
| Owner Hours: | Varies |
| Training: | 2 weeks @ 30 hours |
| Organization Type: | LLC |
| Lease Expiration: | 6/2024 |
| Lease Options: | Buyer to Secure New Lease |
| Building Size: | 1,100 |
| Employees: | 10 |
| Reason for Sale: | Other Opportunities |
Financials
| Asking Price: | $99,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $330,000 |
| Discretionary Cash Flow: | $0 |
| FF&E: | |
| Inventory Included? | Yes |
| Inventory: | |
| Min. Operating Capital: | TBD |
| Real Estate Available? | No |
| Rent: | $6,412 |
| Payroll: | $5,000 |
Description
A fun business serving Great Coffee, Tea, Boba and Pastry Café in upscale and beautiful Manhattan Beach, grossing $336,700 in 2023.
Located on a major street with huge traffic, just 5 minutes from a major high school, and has many loyal, repeat customers and friendly employees.
It operates in an 1,100 sq. ft. shopping center with free parking. New equipment and appliances including an espresso machine, beverage display case, commercial refrigerators, freezers, oven, ice machine, sofas, and more. Owner focused on replacing equipment and experimenting with hours and offerings in 2023, but previous owner realized discretionary cash flow of over $200,000 per year in 2020 and 2021, so the concept and location have a proven history of success.
Offerings include Boba, gourmet coffees, teas, frappes, smoothies, slushies, milk shakes, deserts, pastries, breakfast sandwiches. New owner could easily add additional food items or change the concept.
Seller has a new opportunity and is looking for a quick transaction, so name your price, but be ready to move forward if he accepts it. Asset Sale to include all FF&E and Inventory - debt free.
6 ½ year lease with options available.
For more information, please complete the BizEx Buyer Registration at https://www.bizex.net/buy-business/register. After registration, Brokers Eric Mellem and Dan Higgins can assist with any questions.
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.
