Found on Main Street in Edmonds, with huge amounts of foot traffic and at the center of the city's social life, there is hardly a better foot traffic location for a coffee shop. And that's just half the story! The equipment quality, absolutely everything purchased brand new, and sparing no expenses to ensure the highest grade, most incredible, consistent quality possible in coffee delivery, this shop is the perfect opportunity to own. And the best part is you can go in tomorrow, turn everything on, and start making money immediately. It's fully operational, turn-key, ready to go. Everything is already done, no permitting or additional investment is needed. Nothing needs to be fixed, everything is effectively still brand new, and it's all high-end, brand name everything, like the La Marzocco auto-volumetrics coffee machine, which retails at over $25,000 just by itself. There is a total of over $270,000 invested in this place, everything from electrical to plumbing is brand new - it's the ideal opportunity with ease and dependable money-making for a passionate owner. The brand was done by expert local branding company with strategy, business plan and direction all done, and the entire branding, website, online presence, business assets and equipment is ready for new ownership.
Country: | USA |
State or Province: | WA |
City: | Edmonds |
Location Zip or Postal Code: | 98080 |
Service Type: | Sit-Down Table Service, Counter Service/Fast Casual, Coffee/Beverage Primary |
Title of Listing: | Beautiful high-end, fully operational, premium coffee shop and café on Main ST in Edmonds, WA |
Year Established: | 2018 |
Number of Locations: | 1 |
Number of Seats: | Less than 50 |
Size: | 1200, Square Feet |
Patio: | Yes |
Number of Employees: | Less than 10 |
Hours of Operation: | Up to the new owner. We did 8am - 4pm |
Growth or Expansion Opportunities: | Plenty of growth and expansion for product offerings, etc. |
Reason for Selling: | Leaving the business |
Owner Operated or Absentee Owner or Flexible: | Owner Operated |
Training Provided: | Yes |
Link to Facebook Page: | https://www.facebook.com/the407.co/ |
Website: | www.the407.co |
Asking Price: | $78000 |
Gross Revenue: | 144000 |
Gross Revenue Range: | Under $500,000 |
EBITDA (Earnings before Income, Taxes and Depreciation): | $144000 |
EBITDA Range: | $100,000-$300,000 |
SDE Range: | $100,000 |
FF&E Value (Furniture Fixtures and Equipment): | 150000 |
FF&E Value (Furniture Fixtures and Equipment) included in price: | Yes |
Inventory Value included in price?: | Yes |
Asset or Share Sale: | Asset |
Real Estate Owned or Leased: | Leased |
Lease Term Remaining: | Lease can be adjusted to fit new owner, but our lease is up for renewal at the end of 2021 |
Total Monthly Rent: | $1250 |