Specialty Food Shop & Cafe

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Asking Price:
$108,000

Gross Revenue:
$327,234
Cash Flow:
$9,902
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$40,000
included in asking price

FF&E:
$78,000
included in asking price

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Business Description

Popular specialty food/gift shop, cafe & coffee shop located in a high traffic urban area. There is a large selection of merchandise that appeals to visitors as well as locals. The store offers premade and custom designed gift baskets, as well as high quality espresso drinks, organic teas, and bagels, breakfast sandwiches and donuts to eat-in or take away. Many recent updates to the space, which enjoys a very favorable lease compared to other nearby properties.

About the Business

Location:
Portland, Maine
Year Established:
1999
Number of Employees:
1FT/3-5PT
Real Estate:
Leased
Building Sq. Ft.:
2,405
Rent:
$4,749.88 Per Month
Lease Expiration:
1/31/2022
Facilities:
2,405+/- SF space located in a historic warehouse in the heart of Portland’s Old Port district with high ceilings, hardwood floors, natural light and ADA accessible entrance ramp. Space includes full basement, storage/production area, and indoor/outdoor seating. Three dedicated parking spaces in front of the store, plus another below market rate spot for owner or employee.
Market Outlook/
Competition:
High traffic location in an area that appeals to both locals and tourists alike. Sales tend to peak during the late summer/fall tourism season and around the holidays when sales are supplemented by corporate gifts and web orders.
Growth & Expansion:
Adding more food choices to the menu would grow the business (soup, sandwiches, ice cream, etc.), as would putting more effort into marketing, especially online sales through the existing website.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Two weeks

Listing Info

ID:
1636892
Ad Detail Views:
0

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Business Listed by

Craig Church

Keller Williams Realty

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Sponsoring Broker:

Scott Balfour
Keller Williams Realty


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