Kansas City Triple Business Opportunity

Kansas City, MO (Jackson County)

Seller Financing Available
Corner of 11th and Broadway
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Asking Price: Get Financing: $250,000

Cash Flow: N/A

Gross Revenue: $800,000

EBITDA: N/A

FF&E: N/A

Inventory: $50,000*

Lease Rate: $1.37 /Month

Established: 2004

*not included in asking price.

Kansas City Triple Business Opportunity

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Business Description

3 Businesses in one within the Kansas City Entertainment District

3 businesses in one location, food court style, in downtown Kansas City, MO location. 2 Blocks from the K.C. Convention Center and in the midst of major hotels serving the conventions. Recent additional construction of high end apartments and loft conversions along with 5 new hotels opening in the next year brings a major opportunity for business growth. Only convenience store in the midst of 1000+ apartments, hotel rooms, and office buildings. Coffee Cafe offers LaVazza Italian coffee and fine pastries. The cafe can be developed to offer meal service throughout the day. International sub sandwich franchise has been operational for over 14 years and the c-store has been operational for 15 years. Convenience store operates as a small market in addition as there is only one grocer in the entire downtown Kansas City area. Average home value is $265,244 and average gross income is $70,390. The majority of residents are in their 30's and single: 62% have bachelor degrees or above. There was a 71% growth in residential housing from 2014 to 2018 and loft conversions are still developing. The Kansas City Star reported in Sept., 2018 that 15 hotels will be opening by the end of 2020 with 1-3 having opened each year since 2012. There are 450+ hotel rooms being added this year. The time and place are prime for growth and development with this business.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
4,100
Lease Expiration:
4/30/2021
Employees:
10
Facilities:
Assumable building lease: Leasing agent of 500+ residential units appreciates the draw that our business adds for their clientele. All equipment and fixtures are part of sale of business (expresso machine an exception). Inventory not included in sale price.
Competition:
The area is a food desert, with only one other grocer in the downtown KC area. That market is located in the central downtown area, whereas, our store is on the west side among all the residential buildings where residents walk past the store from work to home. There are 2 other fast food sandwich shops in the area, further away from theaters, hotels, the convention center and municipal auditorium.
Growth & Expansion:
There is a large patio for dining development on the corner of 11th and Broadway. Hours can be extended (currently open 7 am to 7 pm). 1/3 of the business, the coffee cafe, can be developed for after-theater patrons. The coffee cafe is primed to offer breakfast, lunch, and dinner grab and go meals or meal kits to take home or menu offerings in-house for urban office workers on foot returning to their apartments as they pass the business.
Financing:
Negotiable:1/3 down + cash for inventory. 5yr amort. w/ 3yr balloon, 10%
Support & Training:
Sellers will act as consultants and trainers for one month. Franchise will provide sub business training and ongoing support.
Reason for Selling:
Mom and Pop owners are over 65 and want to retire.
Franchise:
This business is an established franchise
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Business Listed By:
Dan

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