South County Coffee Shop High Income

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Asking Price:
$250,000

Gross Revenue:
$638,799
Cash Flow:
$88,297
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
included in asking price

FF&E:
$25,000
included in asking price

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Business Description

BTI # 8611
This is a long time coffee shop in business at this location for plus 16 years. The current owner purchased it last year and has decided it doesn't fit her life style and would like to sell the business. It has been maintained to the fullest extent and sparkles like a new business. This business is in a well situated retail location and fronts a major street in the city with great exposure. It has become a favorite coffee spot for local residents. The seller will carry a note @ 75% of the purchase price payable interest only @ 4% per month until the lease expires on 1/31/2022 and at that time if the buyer cannot get a new lease the seller will forgive the principal of the note. The buyer will return the business to the seller in the same condition as when it was purchased if the buyer’s note is forgiven. Contact listing broker for details.

Purchase Price: $250,000
Sales: $638,799 Cash Flow: $88,297
For 12 months as of Mar 2018 from seller provided P&L
Rent: $3,797 NNN $793 Lease Exp 1/31/2022 Bldg Size (Sq. Ft.) 1,800
Annual Increases Per Lease 3% Option Yrs 0
Employees FT: 1, PT: 13 Owners FT: 1, PT: 0
Reason For Sale Other Business Interests
Hours: Mon-Fri 5:30 AM-5:30 PM Sat 6:00 AM -5:30 PM Sun 7:00-5:00 PM

BTI# 8611

About the Business

Location:
San Jose, California
Year Established:
2002
Number of Employees:
1 FT 13 PT
Real Estate:
Leased
Building Sq. Ft.:
1,800
Rent:
$3,797.00 Per Month
Lease Expiration:
1/31/2022
Facilities:
Rent: $3,797 NNN $793 Lease Exp 1/31/2022
Bldg Size (Sq. Ft.) 1,800
Annual Increases Per Lease 3% Option Yrs 0
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About the Sale

Reason For Selling:
other business interests
Training/Support:
2 weeks for 40 hours per week
Seller Financing:
187,500

Listing Info

ID:
1533601
Ad Detail Views:
365

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Business Listed by

Michael Floorman

BTI Group Inc.
License# 01160661

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U.S. Census Data for Santa Clara County, CA
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Santa Clara County, CA
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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Report an Issue 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. See our full Terms & Conditions.