Coffee Soup & Sandwiches
Location: Minnesota > Ramsey County
Industry: Food and Beverage > Other Food and Beverage
Financials
Asking Price: $95,000
Gross Revenue: $210,000
Cash Flow: $40,000
Inventory: $5,000 (Included in Asking Price)
FF&E: $90,000 (Included in Asking Price)
Business Summary
This is an up scale independent coffee shop located north of St. Paul and was established 4 years ago. In addition to coffee, they serve soup and sandwiches. The shop is very nicely designed and decorated. It is located in a strip mall which other high traffic tenants. Customers can enjoy wireless internet . There is seating for about 30. The business hours are Monday – Friday, 6:00-6:00; Saturday, 7:00pm-5:00pm, Sun 8:00-5:00pm.
EMPLOYEES: In addition to the owners who work approximately 8 hours/wk there are 10 part time employees and 1 general manager who is full-time.
FACILITY: The business operates in 2100 square feet. Monthly rent is $4,720. The lease expires August 2012 with a 5-year option.
GROSS SALES/CASH FLOW: Gross sales in 2007 were $220,907. Ytd 08 as of August 31 were $129,250.
ASKING PRICE: The asking price is $95,000. Included in the purchase price is $5,000 of inventory (at cost) and all furniture, fixtures and equipment, which is valued at $90,000.
REASON FOR SALE: New Business Venture
EMPLOYEES: In addition to the owners who work approximately 8 hours/wk there are 10 part time employees and 1 general manager who is full-time.
FACILITY: The business operates in 2100 square feet. Monthly rent is $4,720. The lease expires August 2012 with a 5-year option.
GROSS SALES/CASH FLOW: Gross sales in 2007 were $220,907. Ytd 08 as of August 31 were $129,250.
ASKING PRICE: The asking price is $95,000. Included in the purchase price is $5,000 of inventory (at cost) and all furniture, fixtures and equipment, which is valued at $90,000.
REASON FOR SALE: New Business Venture
About the Business
Year Established: 2004
Employees: 1 full time - 10 part time
Facilities: The business operates in 2100 square feet. Monthly rent is $4,720. The lease expires August 2012 with a 5-year option
About the Sale
Management Training and Support: Owners will train
Reason For Selling: Another Business Venture
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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