Profitable Coffee, Boba, Tea Cafe Manhattan Bch
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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: | $495,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $475,000 |
| Discretionary Cash Flow: | $200,000 |
| 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: | SBA |
| 2021 | 2020 | |
|---|---|---|
| Gross Sales | $ 470,000 | $ 420,000 |
| Gross Profit | $ | $ |
| Disc. Earnings | $ 215,000 | $ 200,000 |
Description
Well established coffee, tea, juice, Boba and pastry store in the upscale beach community of Manhattan Beach.
Located in a small but busy business center on a busy street with great visibility. The business in in a nice residential area and has many loyal, repeat customers and 6 part-time friendly employees.
It operates in 1,100 sq. ft. at $6,000 per month lease in a well maintained center with free parking.
Offerings include: gourmet coffees, teas, Boba, smoothies, juices, Matcha, Milk Teas, shaved ice and slushies.
The interior was recently totally renovated with a modern design and all the kitchen equipment was updated, including 2 new display cases, a Cappuccino Machine, 2 commercial refrigerators. Plenty of room for guests to sit and relax.
The business sold gourmet sandwiches in the past but the owner now only offers beverages and pastries. An new owner could decide to add sandwiches or additional food items.
This is a franchise store with NO franchise fee of % of income, only a $250 per month flat fee. Based in LA with 20 locations and a very simple transfer process to a new owner.
Asset Sale to include all FF&E and Inventory - debt free. Seller 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; (310) 293-6414, emellem@bizex.net.
Dan Higgins, Business Broker; (714) 719-1809, dhiggins@bizex.net
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.
