Espresso Drive-Thru (Eastside)

King County, WA

Seller Financing Available
Espresso Drive-Thru (Eastside)
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Asking Price: $165,000

Cash Flow: $85,000

Gross Revenue: $355,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $1,289 /Month

Established: N/A

Espresso Drive-Thru (Eastside)

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Business Description

Cash Cow Business - Part-Time Owner Labor

This is a well established espresso drive-thru business in a prime demographic area with limited alternative vehicle accessible coffee businesses in the immediate area. This profitable retail business supports a menu focused on espresso and other complimentary beverages, pastries & desserts, and other light fast food fare. This business model excels with a commitment to convenience, speed in order processing, unparalleled service and quality offerings. With over 100+ drink cards redeemed every month, repeat business is at the core of their success. The business also uses the Joe Coffee mobile app for mobile orders that allow customers to pre-pay and expedite service in the process.

Since 2017, the current owner has only worked scheduled shifts in the business for 26 hours per week. The owner also manages the business and provides some administrative oversight. In addition, the business employs 4 baristas; 3 of which are paid minimum wage + tips and 1 employee who serves in a capacity as a shift lead at $14.00 per hour + tips. Tips revenues average approximately 20% of gross sales and are equally shared by employees on a per shift basis. All of these hourly baristas would be interested in continued employment with new ownership post-sale.

The lead business broker at IBA for this company is Bill Southwell. Mr. Southwell can be contacted directly at (425) 454-3052 or bill@ibainc.com.

Detailed Information

Real Estate:
Leased
Building SF:
112
Lease Expiration:
N/A
Financing:
The seller will finance 50% of the transaction for a qualified buyer.
Support & Training:
The seller will provide an appropriate transition training/consulting period to facilitate a smooth transfer of ownership.
Business Website:
http://IBA
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(from currently available funds)
 
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Gregory Kovsky

Business Listed By:
Gregory Kovsky

IBA

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