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Established Coffeehouse In Washington For Sale

Washington, District of Columbia
Asking Price:
$365,500 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$520,666
Cash Flow:
$165,301

Great opportunity to step into success and own an established Coffeehouse that has a soul of its own in Washington, DC, located in close proximity to Dupont Circle, Georgetown, and Embassy Row. They serve a variety of espresso, coffee, loose gourmet teas, iced and blended drinks, smoothies, beer and wine, and other specialty drinks. They also serve breakfast, sandwiches and soups, snacks, pastries, cakes, desserts, and other light fare. The business has great online reviews on sites like Google, Yelp, Facebook, Tripadvisor, Eater DC and other well-known and frequently visited platforms.

This is a unique, successful business with a Beer and Wine License and a turnkey operation that has been in business for over 20 year's in an affluent market. Serving students from 3 nearby universities, tourists from 6 nearby hotels, locals and embassy row staff that love the love the eclectic vibe, cozy atmosphere, and niche offerings of the café. They have strong brand identity, a great location, loyal clientele, established vendors, a long-term manager (that can be replaced by an owner operator – cash flow reflected is if owner operated), and a good lease with an option available. The business is set up well for an active, hands on owner operator or an absentee owner. In addition to the main sources of revenue from the primary business, they are a DC Lottery retailer and have an onsite ATM which both provide ancillary income streams at around $15k/yr.

Don’t miss a rare opportunity to own a profitable and well run business with ample room for growth. The owner has done an excellent job growing the business over the past 20 years and has positioned the company for a new owner to take over and continue that success.

Property information

Real Estate:

Lease

Location:

The 1500 sq ft space is leased for a total of $7965/mo. The Coffeehouse is in a unique and prime corner location in the Dupont Circle area. Excellent visibility to foot and street traffic.

Premises Details:

The space has a very nice urban, relaxing ambiance with seating for 79 inside and an additional 16 on the patio.

Business Operation

Expansion Potential:

There is tremendous room for growth for a new owner by expanding the current menu, extending hours, obtaining a full liquor license, or even increasing the size of the café with the adjoining available space next door.

Competition / Market:

Standard competition for the industry and market, but there is very minimal competition on the block/street of the business. The café is very unique and stands apart from what some may call competition. Over the years, the owners have found that some of the well-known coffee and tea “chains” nearby have actually brought them business due to the ambiance and customer service the business provides its loyal customers.

Reasons for selling:

Retirement.

Employees:
8
Years established:
21

Other Information

Support & training:

Seller will provide necessary training and support.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller Financing Available and Negotiable.

Furniture / Fixtures value:
$100,000 - included in the asking price
Inventory / Stock value:
$2,500 - included in the asking price

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