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Local Favorite Coffee Shop Business In Harlingen For Sale

Harlingen, Texas, US
Asking Price:
$99,500 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$349,610
Cash Flow:
$50,510

TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF # 76931-457476

Situated in the heart of Harlingen, TX, this coffee shop offers excellent growth opportunities. Having been established for over 10 years, this business has proven that they had developed a strong and loyal clientele base. While this business currently provides catering services, there is significant potential for growth in this area. If new ownership can position itself not only as a destination for enjoying coffee in a sit-down setting but also as a major player in catering, sales could potentially increase by 15-20%. With an equipment list worth approximately $50k and $72k in leasehold improvements, a buyer is getting a great value with the purchase of this business.

The business has an impressive reputation on Google, with nearly 300 reviews and a 4.6-star rating. It also generates significant engagement across various social media platforms, with over 7,000 followers, 6,600 likes, and receiving 444 reviews on Facebook. This establishment has firmly positioned itself as a leading local business within the community.

This semi-absentee run business requires the current owner only 10 or less hours per week to ensure inventory is accounted for and payroll is done. In 2023 the business generated $349,610 in Sales with an SDE of about 50k. The owner is seeking to sell the business to concentrate on their other ventures with her husband, which requires her to relocate and prevents her from giving this business the necessary attention. Consequently, a new owner has the opportunity to significantly boost sales by focusing more on the business. This business is ideally positioned for a new owner to elevate it to the next level.

Property Information

Real Estate:

Lease

Lease Terms:

Monthly Rent: $950.00

Square Units (Foot, Meter): 1,200

Lease Expiration Date: October 22, 2024, 10:00:00 PM

Terms Options: 3-5 year term

Business Operation

Expansion Potential:

• Growing economy in the surrounding cites
• Population growth in the general area is increasing
• New construction in surrounding area leading to increase in traffic
• Growing Social Media Trends

• Develop Catering packages for organizations
• Offer more services and more products.
• Implementation of strong Marketing campaigns

Competition / Market:

Situated in a high-traffic area and as the only coffee shop in a 5–10-mile radius, there is significant potential for growth with minimal competition.

Reasons for selling:

Wants to focus on other ventures

Trading hours:

Monday-Saturday 7am-7pm Sundays 8am-7pm

Employees:
12
Years established:
2014

Other Information

Support & training:

Number of Weeks Seller Will Offer Training: 2

Furniture / Fixtures value:
$50,000 - included in the asking price
Inventory / Stock value:
$10,000 - included in the asking price
Relocatable:
This business can be relocated.