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Listed by:

The Agency NW Real Estate

Highly Profitable, Established Coffee Shop For Sale

Bellingham, Washington, US
Asking Price:
$599,000 Furniture / Fixtures included
Sales Revenue:
$948,763
Cash Flow:
$250K - $500K

This is probably the best coffee shop on the for-sale market right now. This coffee shop does about a million dollars in annual sales. There is even a strong tangible potential to push these sales to well over a million dollars annually.

It has absentee owners; they actually live in another state. This coffee shop is 7 years established, with a loyal customer base already built up for a new owner to be making solid sales from day one.

This location is in Whatcom County near a major college, in the downtown area, so there is lots of customer base for now and for the foreseeable future. And with the college so close, you have a steady stream of young college students for employees or managers when needed.

On the inside of this coffee shop, the décor and ambiance are clean, bright, and very inviting. It has a 4,700 sq. ft. open floor plan. This is a perfect setup for live entertainment, karaoke, or comedy nights. This coffee shop closes at 4 PM every day (There are NO evening dollars being made).

But there are so many other ways here to make more sales. This is a very event-friendly space, and the owner does host private and corporate events here once or twice a month. It's very good money, but hey, it could be a lot better ($$$) with an owner-operator in place on a daily basis who was actively pursuing these event dollars.

To add to this, this owner does already offer wine and beer and actually has 14 taps in excellent condition. Currently not offering this to the live events, private parties, and closing at 4 PM is surely leaving profits outside the front door.

This has a winning game plan in place as good or better than many franchises. The seller is willing to train the buyer on all aspects of this business; the new owner just has to follow the profitable path the seller has paved for them. And with these sales, you will have this investment paid off in just a few short years.

This is an especially compelling opportunity for a hands-on buyer who can focus on daily operations, marketing, and events.

Property Information

Real Estate:

Lease

Lease Terms:

Base lease is $6,365 plus Triple cost of $2,000 for a total monthly lease cost of $ 8,365. Current lease expires in Dec. 2028 but does have 2-5-year extensions. SQ FT is 4,700 with inside seating for 150 and an outside standing bar that can fit 10-15 more people. There is NO type 1 hood system. Business name and website NOT included in the purchase price. Has 1 FT manager, 1 PT manager, and 8 PT staff. Truly a beautiful setup.

Leasehold Rent:

$8,365 per annum

Living Accommodation:

N/A

Location:

This location is in Whatcom County near a major college, in the downtown area, so there is lots of customer base for now and for the foreseeable future. And with the college so close, you have a steady stream of young college students for employees or managers when needed.

Premises Details:

On the inside of this coffee shop, the décor and ambiance are clean, bright, and very inviting. Has 4,700 SQ FT of open floor plan. This is a perfect setup for live entertainment, karaoke, or comedy nights. This coffee shop closes at 4 PM every day (there are NO evening dollars being made)

Size in square feet:
4,700
Planning Consent:

N/A

Business Operation

Management type:
This business has absentee ownership.
Expansion Potential:

The trained crew of employees and managers will most likely be willing to stay on for you, the new owner. There are lots of ways to increase the already great coffee sales. Rent out this spacious space for all kinds of events; it has the size and charm to even host wedding receptions. You could offer any or all of the following because there is little to NO catering or NO delivery being done. But the biggest attribute that could add sales here is to put an owner-operator in place on a daily basis. Annual sales here could push $1,500,000, maybe higher and that's alot of sales for a coffee shop.

Competition / Market:

There are other coffee shops in the area, but none with the size, scope, and profitability as this one.

Reasons for selling:

Sellers live out of state and want to focus on their other business.

Trading hours:

Open 7 days a week.
8 AM to 4 PM daily

Employees:
2 FT 8 PT
Years established:
2019

Other Information

Support & training:

This has a winning game plan in place as good or better than many franchises. Seller willing to train buyer on all aspects of this business; the new owner just has to follow the profitable path the seller has paved for them. And with these sales, you will have this investment paid off in just a few short years.

Financing available:

N/A

Furniture / Fixtures value:
$30,000 - included in the asking price
Inventory / Stock value:
$17,500