Sold
Background
| BizEx ID: | BizEx1387-EM |
|---|---|
| General Location: | Manhattan Beach, CA |
| Category: |
Coffee Shop Other Eating & Drinking Places |
| Years in Business: | 13 |
| Under Present Owner: | 3 |
| Hours of Operation: | 9:00am - 7:00pm |
| Owner Hours: | Varies |
| Training: | 2 weeks @ 30 hours |
| Organization Type: | LLC |
| Lease Expiration: | |
| Lease Options: | Buyer to sign a new lease |
| Building Size: | 1,100 |
| Employees: | 7 |
| Reason for Sale: | Other Opportunities |
Financials
| Asking Price: | $395,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $475,000 |
| Discretionary Cash Flow: | $220,000 |
| FF&E: | $30,000 |
| Inventory Included? | Yes |
| Inventory: | $1,000 |
| Min. Operating Capital: | TBD |
| Real Estate Available? | No |
| Rent: | $6,000 |
| Payroll: | $3,000 |
| Financing: | Other |
| 2021 | 2020 | |
|---|---|---|
| Gross Sales | $ 470,000 | $ 420,000 |
| Gross Profit | $ | $ |
| Disc. Earnings | $ 215,000 | $ 200,000 |
