Upscale and Profitable Coffee House and Wine Bar for Sale.

Charlotte, NC (Mecklenburg County)

Upscale and Profitable Coffee House and Wine Bar for Sale.
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Asking Price: Get Financing: $145,000

Cash Flow: $17,000

Gross Revenue: $307,000

EBITDA: $20,000

FF&E: $60,000

Inventory: $8,000

Lease Rate: N/A /SF

Established: 2016

Upscale and Profitable Coffee House and Wine Bar for Sale.

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Business Description

TIRED OF “CORPORATE AMERICA”!! JOIN ONE OF THE FASTEST-GROWING NICHE INDUSTRIES IN THE COUNTRY…..THE COMBINATION OF COFFEE AND PASTRY SHOPS WITH A WINE AND SPECIALTY BEER BAR, THEREBY BROADENING PRODUCT DEMAND FOR BOTH MORNING AND EARLY-EVENING HOURS!!! The main objective for low unit price-point businesses (traditional coffee houses, yogurt bars, ice cream shops, etc.) has been to introduce additional complementary products to “upsell” and increase each customer’s ticket total while rendering excellent service. The ultimate business goal has been to increase sales volume while simultaneously reducing seasonality associated with the primary product. Does anyone remember all the Caribou Coffee Shops and Yoforia Yogurt Bars in Charlotte a few years ago? The owners of this business, who are quasi-absentee with the day-to-day operations, have just in their second year of operation developed a business model that is becoming increasingly popular—introducing popular-consumable products that complement the business and provide product differentiation by “day and night”!,

In the morning, the business serves coffee, espresso, pastries and bagels, oatmeal and other breakfast items. At lunch time, soups, quiches, a variety of salads, and other lunch-type items are available. As the sun begins to set around 5pm, the company offers wine and exotic/craft beers, light desserts, and will be introducing basic appetizers to complement the wine and beer being served. This strategically-positioned business is on the “cutting edge” of product diversification in the local market area. In addition, catering services for breakfast and luncheon corporate meetings are beginning to expand as the company’s menu has become more extensive and diverse. Located in an office building near the Central Business District (“CBD”), the business has thousands of potential patrons in the numerous office buildings and corporate towers close-by. Moreover, it is located within a reasonable walking distance of Discovery Place and Spirit Square.

The business operates from a well-appointed and expansive space of approximately 1,300 SF with abundant and varied seating suitable for private discussions or group meetings. WiFi is available, and consideration is being given to adding a large TV/screen for special-event viewing by patrons. In its first full 12-month cycle, the business achieved an excellent sales level in excess of $300,000, and opportunities for profitable future growth are further discussed herein. The owners are considering selling the business at this time due to demands of their other professional business interests. CALL or E-MAIL TODAY while this profitable and strategically-positioned niche business is still available!!!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
4 Part-time.
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
New, modern, and very nicely-appointed coffee shop of approximately 1,300 SF located near Charlotte’s rapidly-growing CBD. Very open and inviting facility space in an office building with a reasonable lease rate, particularly for an uptown location. A 5-year renewal option is available at established and reasonable annual rates. This new business location is being highlighted/promoted with increased building signage and appropriate portable signage for special and limited outside use.
Competition:
There are numerous restaurants and eating establishments uptown where coffee is readily available, but this business is one of the few specialized coffee shops in the entire CBD market area specifically-dedicated to upscale coffee, espresso, and select hot teas!! Abundant comfortable seating and WiFi is available for extended stays by patrons, whereas most of the other facilities serving coffee are primarily interested in quickly “turning over the tables”.
Growth & Expansion:
There is excellent potential for good profitable growth with this business. A new owner could continue to add breakfast and luncheon items being offered, including additions to the appetizers and desserts to complement the recent addition of wine and beer. The addition of wide-screen TV could help promote “Happy Hour” specials and possible publicized store/bar events, such as special wine or craft beer tastings. A new owner might consider approaching the landlord for permissible extended hours to accommodate special functions at both Discovery Place and Spirit Square, particularly on major event weekends. In addition, the seller is in preliminary discussions with a major developer and major commercial property management firm for possibly being the preferred coffee shop choice for two (2) new uptown office building projects. If these preliminary discussions materialize, this strategically-positioned coffee shop and wine bar could possibly expand in the future with two additional uptown locations, thereby promoting a brand name for its business in the CBD area!!
Support & Training:
Seller will provide buyer with sufficient "hands-on" training to ensure a smooth transition as part of the sale.
Reason for Selling:
Other demanding professional and business interests.
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(from currently available funds)
 
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Buff Moore

Business Listed By:
Buff Moore

CFC, Inc.

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