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


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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.




Eric Mellem
Business Broker/ M&A Advisor
4640 Admiralty Way, Suite 500
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802




Dan Higgins
Marketing Consultant
4640 Admiralty Way, Suite 500
Marina del Rey, CA 90292
Office: (310) 882-2200 ext 166
Direct: (714) 719-1809
Lic#:

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations