2 for 1 – Upscale Coffee House Bistro and Yogurt Cafe

Renton, WA (King County)

2 for 1 – Upscale Coffee House Bistro and Yogurt Cafe

Asking Price:$99,999

Cash Flow:$51,794

Gross Revenue:$232,000

EBITDA:$51,794

FF&E:$90,000

Inventory:$3,000*

Rate/Sq. Ft.:N/A

Established:2015

*not included in asking price.

2 for 1 – Upscale Coffee House Bistro and Yogurt Cafe

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Business Description

This is a one of a kind niche business combining the two great concepts of coffee and yogurt. This is a great location on a major Highway – with great visibility. The Seller has over $370,000 invested in just the build out. The store opened in June of 2015. From the soothing colors to the high end fixtures this business is designed to attract and retain its customers - it has a Zen like atmosphere. They have incorporated a unique and inviting store design, outstanding selections of food, yogurt, specialty drinks, and great attention to the needs of every customer – young and old. When you first walk into the business you are overwhelmed by the tranquil environment, the ambiance, and the customer friendly layout of the different profit centers. The business occupies over 2000 square feet with seating inside for over 35 and outside for over 16. The business offers espresso (Peet’s coffee), chai tea, a gelato bar, smoothies, and bubble tea, a variety of high end teas, energy drinks, pastries, bagels, and sandwiches. It has an 8 tap Kombucha dispenser with a multitude of flavors and growlers you can buy for refills - – very unique and there is no other place serving Kombucha in the area. It has 5 yogurt dispensers serving 10 flavors, and a topping bar with 15 containers for toppings. There is no immediate competition and even the other coffee operations in the area do not incorporate these concepts to appeal to a majority of the customers. This business prides itself on the quality and freshness of its products, its high standard of quality service, and its dedication to pleasing each and every customer. The current owner has done no promotion or advertising. The business does have an online ordering system thru their website, but does not promote it. This is the Seller’s first venture outside of the restaurant industry. The Seller does not work the business on a day to day basis and is selling because they want to open a new restaurant in a different city. The only thing this business needs to really take off is a full time owner operator who will add the necessary touch of an owner and be able to oversee the employees and their customer service. This is priced at the value of the equipment – no blue sky- a great opportunity for the savvy Buyer.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
2,000
Lease Expiration:
7/31/2020
Employees:
2 FT / 2 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business has an outstanding location, right on the main highway, and a corner location for high visibility. The Seller has over $370,000 invested in just the build out. From the soothing colors to the high end fixtures this business is designed to attract and retain its customers - it has a Zen like atmosphere. When you first walk into the business you are overwhelmed by the tranquil environment, the ambiance, and the customer friendly layout of the different profit centers. The business occupies 2000 square feet and has seating for over 35 inside and 16 outside. The base rent is $4,751 per month plus NNN charges of about $800 per month. The lease runs till 7/31/2020 and can be extended beyond that date.
Competition:
There is no immediate competition and even the other coffee operations in the area do not incorporate these concepts to appeal to a majority of the customers.
Growth & Expansion:
The only thing this business needs to really take off is a full time owner operator who will add the necessary touch of an owner and be able to oversee the employees and their customer service. The new owner could easily add pre-made salads and pre-made lunch boxes to go and also create a delivery service for businesses in the surrounding area. With the online ordering system already in place this would be a natural and it would dramatically increase the revenues. The new owner could also add such items as crepes, soups, and dessert items. The business needs an aggressive sales and marketing program to effectively brand the business and create name recognition.
Support & Training:
The Seller will provide one week of onsite training on the day to day operation of the business.
Reason for Selling:
Selling because they want to open a new restaurant in a different city.

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Kirk L. Edwards, CBB, CBIS

Business Listed By:
Kirk L. Edwards, CBB, CBIS

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