Price Reduced for Quick Closing

Tampa, FL (Hillsborough County)

Location 2 Seating & Retail
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Asking Price: $110,000

Cash Flow: $61,156

Gross Revenue: $349,728

EBITDA: $35,112

FF&E: $85,263

Inventory: $12,000

Rent: $2,950 /Month

Established: 2011

Price Reduced for Quick Closing

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Business Description

Excellent Opportunity, Make Offer!

Both Eclectic and Inviting Coffee Shops Included in Sale are Near The University of South Florida and are a Favorite Haunt for Students, Faculty and Locals Alike. Known and appreciated for both it's delicious coffees, teas, sandwiches & sweet treats as well as it's warm and cozy atmosphere. These shoppes have a "Friends" type hipster vibe and an extremely loyal customer base (4.5 stars on YELP!). One location is in a highly foot trafficked, urban, mixed use living/retail environment; the other a quaint inviting house with adorable indoor family room seating as well as a large outdoor patio nestled amongst beautiful old oak trees. Both locations service the grab and go customer as well as those looking for an alternative place to study, hold a business meeting or hang out with friends. Board Games, a Shared Book Nook, Eclectic Furnishings, Engaging Employees and Special Events such as Open Mic Nights make these coffee shoppes stand out from the big coffee chains

Detailed Information

Location:
Tampa, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
6/30/2023
Employees:
14
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Over $85,000 in new (less than 3 years old) equipment and furnishings included in sale. Price Reduced to just $110,000 plus Inventory!!! Business has been on a steady sales increase every month for the past year. Location 1 is approx 1000sf Location 2 is approx 2100sf Two leases in place until July 2023 with renewal options
Competition:
These are stand out operations when compared to the sterile and corporate environments of National chain coffee shoppes and fill a needed and desired space in the area they are located.
Growth & Expansion:
Plenty of room for continued growth at existing locations, loyal following which lends itself to additional locations and franchising opportunities.
Support & Training:
Seller will provide 2 weeks of hands on training and will assist with marketing and making introductions for 2 months. Furthermore, Seller make themselves available to Buyer to help in making transition ownership seamless.
Reason for Selling:
Owner has a corporate job that demands more time be spent there.
Business Website:
http://www.felicitiouscoffee.com
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Business Listed By:
Heather Hadley

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