Portland Coffee Shop in Prime Location

Multnomah County, OR

Portland Coffee Shop in Prime Location
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Asking Price: $174,995

Cash Flow: $62,241

Gross Revenue: $271,908

EBITDA: N/A

FF&E: $15,000

Inventory: $3,500*

Rent: $1,675 /Month

Established: 2007

*not included in asking price.

Portland Coffee Shop in Prime Location

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Business Description

Thriving in the hustle and bustle of downtown is this Oasis of delicious coffee in an environment of calm. Operating out of an incredible water front location for the last 12 years. Situated amongst numerous high-rise condos, this café and coffee shop caters to a variety of customers. Featuring an assorted menu of whole food, healthy, and thoughtful quick eats complete with a variety of smoothies along with their delicious varieties of locally roasted coffee, espresso, teas, beer, wine, and kombucha; make this a favorite consistent go to coffee shop for residents, commuters, and passers by alike. With beautiful views of the Willamette river customers can choose to sit inside or enjoy the beautiful Portland air on the patio and enjoy the numerous waterfront festivals that occur at the location.

Detailed Information

Location:
Multnomah County, OR
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
568
Lease Expiration:
N/A
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business was opened by the founders and current owners 12 years ago. It has grown and operated in the same location and in that time has developed a large base of regular clientele who frequent the establishment as part of their daily routine. Through growth and adaptation to a changing market, the owners have also created a model of operation that allows for an absentee passive income. The owners are looking to sell to spend more time with their growing family and are seeking a buyer to continue to serve their established clientele and continue to build on the 12 years of thoughtful care and passion they have put into the business. Waterfront facing commercial space on ground floor of Condominium building
Competition:
The Portland market has many coffee shops however this is an established shop that would continue to grow and be viable due to its location, the projected growth that is to occur in the area, the established vendor relationships, and internal processes that have been implemented to ensure the success and profitability of the business. This shop would make an excellent acquisition for an owner seeking to expand their coffee shop portfolio or diversify. This is an established coffee shop with a strong customer base, a high degree of loyalty, and a proven concept and menu back by almost 12 years of thriving in the industry. It is the only full-service coffee shop in the area that is within walking distance to the southwest waterfront and enjoys morning views of the Willamette River and the sunrise over Mt. Hood. Very few unique opportunities backed by a long service history, established vendor relationships, and a proven concept come on the market because they are great businesses to own. There are two other coffee vendors in the immediate area, but they vary in theme and service level. This is the only true coffee shop in walking distance that services the southwest waterfront.
Growth & Expansion:
This business is ideally located with an established base. In addition, significant residential and business development is planned for this area that will bring thousands of additional new tenants within several hundred feet of this business location over the next several years, including workers and construction crews that are working daily in the immediate area over the coming years. The owners are projecting strong growth of over 20% in volume based on the increasing demographics for this area. This is a rare and unique opportunity to acquire a successful, established coffee shop.
Support & Training:
2 weeks
Reason for Selling:
Transitioning career focus
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Michael Morrissey

Business Listed By:
Michael Morrissey

Transworld Business Advisors of East Portland

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Sponsoring Broker:
Daren Bucklin

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