Espresso Bar / Café Busy Seattle Location

Seattle, WA (King County)

Espresso Bar / Café Busy Seattle Location
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Asking Price: $95,999

Cash Flow: $36,000

Gross Revenue: $132,000

EBITDA: N/A

FF&E: $2,500

Inventory: $2,500*

Rent: $571 /Month

Established: 2008

*not included in asking price.

Espresso Bar / Café Busy Seattle Location

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Business Description

This espresso bar/cafe business is much more than an espresso stand. The monthly lease is next to nothing at $571 per month. Just one day’s sales and the month’s rent is paid for. This small $571 per month lease also covers all the utilities you use water, garbage, electric. By the second or third day of each month, you are well into the month’s profits. How sweet is that?
Located on the ground floor of a huge medical building with both inside medical building access and outside street access with great signage and visibility. The street is high traffic with hundreds of people walking by your front door every day 7 days a week. This coffee shop even has some tables and chairs outside to help attract people to sit down for some refreshments. The inside entrance to the medical building also has tables and chairs and a built-in customer base from the medical building.
Operating hours are also easy to swallow Monday’s thru Fridays at 6:30 AM to 3 PM. So NO evenings or weekend work. Hours could be adjusted/expanded so more profits can be made. This is not a franchise so feel free to bring some of your own special recipes to the menu. Besides great espresso, this café also serves crepes, sandwiches, wraps, salads, soups even bagels, breakfast burritos, and pastries. There is no hood but you are free to use any electric appliances you want.
Yes, it is plumbed and yes you have an endless supply of water and ice for your coffee business. Does $500 to $600 a day and some days hits a $1,000. That’s great sales for a little espresso bar that is only 231 square feet. Also, remember that this business closes at 3 pm so there is still a few more hours each day to add to the daily sales. Then with the street, visibility and street entrance, there is weekend sales to be made to further push the profits. Seller says she takes home about $5,000 a month from this business what with tips and deductions.
The website is included in this sale and has some pretty big ongoing catering accounts developed that owner will introduce buyer too. Owner offers delivery service through Grub hub, Bite Squad, etc... Great small business lots of potential!

Detailed Information

Location:
Seattle, WA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
231
Lease Expiration:
8/25/2022
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Monthly lease is $571 per month that covers your water, garbage and electric costs. You are NOT required to clean or maintain the inside tables and restrooms. Square footage is 231. Three more years left on the lease and does have a 5 yr option to extend, so lots of time left for new owner. There is outside table and chairs as well as inside table and chairs available. There is no hood but owner can use any electric appliances they want. Plenty of refrigerator and storage space. Street parking but with the high flow of foot traffic by your front door and the customer base the medical building sends your way the parking is not an issue. Owner of this business may reserve a parking space for themselves with the medical building. No worry of security problems as you are part of a major medical building, with lots of security in place 24/7. Operated by a married couple.
Competition:
Current owner closes at 3 PM Monday thru Fridays. This medical building is open till 6 PM the street outside the front door stays busy well into the evening. So there is no doubt sales being missed out on. Then this café is closed on the weekends so again there is missed sales. So the easiest way to increase sales is to expand the operating hours. Even just expanding the weekday Mon-Friday hours just a few hours could have a really big money impact while still maintaining weekends off.
Growth & Expansion:
This is not a franchise so you have a lot of control of menu and hours. No marketing or advertising needed as this location is strong enough to draw customers in. Website is included in the purchase of this business.
Support & Training:
2 weeks of training is offered
Reason for Selling:
owner wants to move out of country
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(from currently available funds)
 
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David Smith

Business Listed By:
David Smith

Coldwell Banker Bain

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