Profitable Absentee Owner Coffee Shop

Yakima, WA (Yakima County)

Profitable Absentee Owner Coffee Shop
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Asking Price: $98,000

Cash Flow: $38,000

Gross Revenue: $135,729

EBITDA: N/A

FF&E: $10,000

Inventory: N/A

Rent: $1.30 /Month

Established: 2017

Profitable Absentee Owner Coffee Shop

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Business Description

Profitable coffee shop even though it is operated by an absentee owner. The upward potential here is through the roof with an owner-operator in place. Located on one of the main streets in town so you know it’s a high traffic area. Lots of strong anchor businesses all around to include a big grocery store.

This is an independent coffee shop, not a franchise so you have the freedom to create whatever atmosphere or vibe you want with the décor or menu. Also, not a franchise means no franchise fees or franchise rules to follow. Example there is a gym nearby and you have the power to add healthy snacks or smoothies to your menu and that’ll probably add lots of healthy dollars to your register. There is no hood but the landlord is open to letting you add one. But even without the hood adding some more simple food choices such as sandwiches, soups, waffles or crepes would all go a long way to adding to the bottom line profits. There is also quite a demand for wine and beer so here is another way to stack the profit dollars even higher. Even if you just offered occasional wine tasting events there seems to be lots of local support for it.

Another neat thing about this café is the landlord, he is very supportive and is proactive and setting up events in this shopping plaza to help keep the flow of people coming through here going strong. He’s much more than just someone collecting a rent check every month. This has a great lease too at only $2,400 per month and lots of time left on it. This café is 1300 square feet and has an open floor plan so it is big enough to offer karaoke events or bring in local musicians. Owner spent $125,000 to build out this space, all this equipment and furnishings are included in the purchase price.

Other neat to know things, there is plenty of parking, the owner is willing to give you extensive training, has good signage and visibility, and there is limited competition close by. The owner is even willing to sell a second coffee shop and its location is only a few miles away so if you wanted to buy two coffee shops let’s talk about it. This cafe is a great opportunity for an owner operator or an investor, give us a call.

Detailed Information

Real Estate:
Leased
Building SF:
1,257
Lease Expiration:
9/22/2022
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Monthly lease is $2,400 per month and that is with triple net included. Current lease expires Sept 2022 and is assignable. The lease has a 5-year option to renew. Square footage is 1300, open floor plan. Seating capacity is 40-50. Lots of parking, good signage, high visibility. No hood but can add one. This coffee shop is established for many years.
Competition:
Lots of ways to expand the profit dollars, the owner is absentee, so an owner-operator overseeing the operations on a day to day basis would see labor costs go down and profits go up. With this open floor plan, these doors of opportunity are wide open for adding live entertainment, karaoke, local artists etc... There is big customer demand for wine and beer. Even if you just offered occasional wine tasting events there seems to be lots of local support for it. Perhaps the operating hours could be adjusted as they do not open this coffee shop until 8:30 in the morning, so there is probably some early coffee business being missed. One more solid way to increase sales would be to add more food choices like crepes/waffles/soups/sandwiches, currently, very few food choices are offered. The owner is even willing to sell a second coffee shop and its location is only a few miles away so if you wanted to buy two coffee shops let’s talk about it.
Growth & Expansion:
Lots of ways to expand the profit dollars, the owner is absentee, so an owner-operator overseeing the operations on a day to day basis would see labor costs go down and profits go up. With this open floor plan, these doors of opportunity are wide open for adding live entertainment, karaoke, local artists etc... There is big customer demand for wine and beer. Even if you just offered occasional wine tasting events there seems to be lots of local support for it. Perhaps the operating hours could be adjusted as they do not open this coffee shop until 8:30 in the morning, so there is probably some early coffee business being missed. One more solid way to increase sales would be to add more food choices like crepes/waffles/soups/sandwiches, currently, very few food choices are offered. The owner is even willing to sell a second coffee shop and its location is only a few miles away so if you wanted to buy two coffee shops let’s talk about it.
Support & Training:
2 weeks training offered. but it can be negotiable
Reason for Selling:
Owner wants to focus more time with his family
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(from currently available funds)
 
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David Smith

Business Listed By:
David Smith

Coldwell Banker Bain

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