Retail - Other Eating & Drinking Places | Retail - Other Food Stores

Asking Price	$245,000	Inventory	$85,000**
Gross Income	$525,415	Real Estate
Cash Flow	$106,068	Year Established	1988
FF&E	$204,516*	Employees	10

* included in the asking price

** not included in the asking price

This business has a federally registered name and trademark, creating and establishing its own brand name which carries much value and recognition. The store's roots venture back to l980. It was the first to pioneer the gourmet coffee and tea experience in Indiana. Current owner purchased the business in l988 and was the first to introduce espresso-cappuccino drinks in the area in 1991. Expanding the store three times and then moving the store within the mall to its present location, the store now offers 100 varieties of high quality gourmet whole bean coffees and 150 first quality loose leaf teas, fine china, thousands of mugs, cocoas and other related products. A loyal customer base over the many years has certainly contributed to this store's success and longevity, at one time being referred to as "the coffee store at the mall." This store has a state of the art website which is continually growing and stands outside of the lease. The many trade secrets, methods and recipes of this company are held in the highest regard and confidence. Long term lease still remains. Be sure to view website www.ourdailybrew.com. THE BROKER IS RELATED TO THE SELLER IN THIS OFFERING.

Facilities: Originally located in the Apple Orchard at Glenbrook Square Mall since l990. This business built and relocated to a brand new facility within the Mall in Nov. 04. This 1344 s.f. concept store is located center court, by the fountain, outside of J.C. Penneys. It features a retail store which offers a complete gourmet selection of coffee, tea, cocoa, fine china, mugs, etc. The espresso bar has a full kitchen with zigzag bar seating and a patio with tables and chairs located in front of the drink window.

Competition: 1) Fine loose leaf and packaged teas - largest selection in the area with no competition. 2) Again, largest selection of gourmet whole bean coffees in the region - minor competition in flavored coffees, but more competition in regionals and blends from Starbucks and other independents in the area. 3) Espresso based drinks - very competitive environment. However, this store is known for high quality and reasonable prices. This business has absorbed the impact of Starbucks. 4) Mugs & fine china - largest selection in the area, very little competition.

Growth/Expansion: This business is located in the best marketplace in the Fort Wayne area, Glenbrook Square Mall, which has nearly 100% tenancy. Expansion will also come from continued increase in website sales. Also, as the fourth anchor store (formerly Marshall Fields) is leased-probably later this year, mall traffic will further increase. Additional growth could come from new ownership choosing to franchise this concept store and/or the establishment of other company stores in other malls or locations throughout the Country. Also, website continues to grow.

Financing: Would consider seller financing above $245,000

Support/Training: Seller will provide thirty (30) days of training. Seller will not divulge trade secrets, methods, recipes and vendors until after sale is finalized.

Reason Selling: Retirement