Background
| BizEx ID: | BizEx1270-TM |
|---|---|
| General Location: | Venice, CA |
| Category: |
Coffee Shop Supermarkets |
| Years in Business: | 35 |
| Under Present Owner: | 1 |
| Hours of Operation: | M-F 9am-8pm; Sa-Su 8am-7pm |
| Owner Hours: | 30 |
| Training: | 6 weeks @ 20 hours |
| Organization Type: | S-Corp |
| Lease Expiration: | 2028 |
| Lease Options: | |
| Building Size: | 2400 sq.ft. |
| Employees: | 8 |
| Reason for Sale: | Lack of Working Capital |
Financials
| Asking Price: | $499,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $900,000 |
| Discretionary Cash Flow: | $80,000 |
| FF&E: | $100,000 |
| Inventory Included? | Yes |
| Inventory: | $180,000 |
| Min. Operating Capital: | $100,000 |
| Real Estate Available? | No |
| Rent: | $22,000 |
| Payroll: | $19,000 |
| Financing: | Call |
Description
GROWTH & EXPANSION OPPORTUNITIES
Immediate sales growth can be achieved by increasing inventory count and marketing dollars.
Outstanding shopping center in the heart of Silicon Beach (high growth area of Los Angeles).
REASON FOR SELLING
Seller unable to provide cash to grow business.
IDEAL NEW OWNER
Extensive experience with inventory management and marketing skills.
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.
