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Semi-absentee Coffee Shop In Growing Market For Sale

Union County, New Jersey, US
Asking Price:
$450,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$579,025
Cash Flow:
$135,148

Well-established coffee shop located in a desirable and growing area. The business is semi-absentee, with the owner primarily responsible for scheduling and payroll while day-to-day operations are handled by the staff.

Strong and growing revenue year over year. The company has been Lender pre-qualified.

Property Information

Real Estate:

Lease

Premises Details:

Bright and airy space on the main street with separate seating area available for private events. The location is positioned for continued growth with a significant new apartment development about to break ground directly across the street.

Business Operation

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

The business has been growing every year and will benefit even more from the development of a large apartment complex across the street. Additional revenue opportunities include private catering and rental of the back room for private events and groups.

Competition / Market:

The store is in the main area of town. While there are other coffee shops in the area, they lack the central location and loyal customer following.

Reasons for selling:

The owner is a trained dietician and is going to return to work in that field.

Trading hours:

Mon-Fri 7am-5pm; Sat-Sun 7:30am-4:30pm

Employees:
5 FT/2 PT
Years established:
6

Other Information

Support & training:

Will train for 4 weeks @ $0 cost.

Financing available:

Lender pre-screened with $45K down.

Furniture / Fixtures value:
$100,000 - included in the asking price
Inventory / Stock value:
$4,000 - included in the asking price