Coffee Boba Ice Cream Sandwich café - Beach Area

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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:$125,000
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

bizex

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.


Download Setup Sheet



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
100 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 1220802




Dan Higgins
Marketing Consultant License #02114580
100 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
Office: (310) 882-2200 ext 166
Direct: (714) 719-1809
Lic#: 02114580

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