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Coffee shop cafe

Portsmouth, Virginia (Portsmouth City County)

Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price $235,000 Inventory $20,000* 
Gross Income 356,000 Real Estate n/a** 
Cash Flow Not Disclosed Year Established 2004
FF&E $150,000* Employees 10 incl. part t

* included in the asking price

** not included in the asking price

A must see upscale coffee shop located in prime location, also has seating outside under canopy.great opporunity for buyers, est. busniess repeat customer base with increase in sales volume, great profit margin with plenty of cash flow!Sales indicated from seller $300,000 appr yr.and with all downtown events has had $2500.00 saturdays.business has not started to grow yet. This business will sell fast to qualified buyers. Please call Larry Germono 757-652-6999, use Fax No. 757-588-7627 for confidential agreement

Facilities: Size of Coffee shop appr 1200 sq.ft.,beautiful interior great decor,parking in front and along side of bldg.all equipment in almost new like condition with many upgrades.with additional storage.10 yr. lease current rent 1300.00 with cost of living increases in rent.all increases in lease.

Competition: Pretty much very little competition in area if any!,location in prime business district with current upscale condos being built around coffee shop.

Growth/Expansion: Many add on options for a creative buyer, extended menu, delivery, catering etc.

Financing: seller will consider financing for qualified buyers

Support/Training: Seller will train buyers as needed

Reason Selling: health forces sell

AD # 350042

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