Popular Coffee Shop & CBD Store

Daphne, AL (Baldwin County)

Popular Coffee Shop & CBD Store
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Asking Price: $150,000

Cash Flow: N/A

Gross Revenue: $475,231

EBITDA: N/A

FF&E: $105,000

Inventory: $6,000

Rent: $5,500 /Month

Established: 2017

Popular Coffee Shop & CBD Store

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Business Description

Great coffee shop in the heart of Daphne, AL with immediate opportunities for sales growth. The business currently offers specialty coffee drinks, smoothies, 24 flavors of gelato, breakfast, lunch, soups, and salads. Location features a very impressive and modern build-out with great potential for someone who can focus on the business full-time. Seller opened a brewery and would like to concentrate on growing and operating his other businesses. Seller would like the name to change, but if you want to keep the name, it can be licensed for 3% of gross sales. Seller will train new ownership on how to manage, make all menu items and operate everything.

Detailed Information

Location:
Daphne, AL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
N/A
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Location includes a drive thru, covered outside seating area with fans, indoor fireplace lounge area, Ansul fire suppression system. Total Build-out list available upon request. The Seller got involved in the coffee industry while studying abroad in Costa Rica. While living in Costa Rica he started shipping coffee back to the U.S. Upon returning home, he decided to open his first shop in downtown Mobile in 2008. In 2017, Owner expanded into Daphne and around the same time frame opened up a Brewery. The Brewery created an ABC conflict with the retail coffee shops and he had to surrender the ABC license for the Daphne location creating an immediate opportunity for new ownership to grow sales. Recently the owner started offering CBD products in the store and online with low competition in this area for quality CBD products.
Competition:
Daphne is in Baldwin county, the fastest growing county in Alabama. Multiple apartment and neighborhood developments are currently under construction in the surrounding area. A 32 unit condominium complex is about to break ground directly behind this location. The city is also putting in a street light in front of the shopping center where it is located which will help get more north bound traffic.
Growth & Expansion:
Get the liquor license to offer alcoholic beverages and signature drink again. Market the CBD products offered at the location. Management in place, and an owner willing and able to get involved in the day-to-day could make this an attractive owner/operator lifestyle business.
Support & Training:
2 weeks
Reason for Selling:
other interests
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Contact the Seller

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Bill Kleinschrodt, CPA, CVA, CFC

Business Listed By:
Bill Kleinschrodt, CPA, CVA, CFC

Transworld Business Advisors of Mobile

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities.

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