Sold
SBA PRE QUALIFIED SPECIALTY COFFEE ROASTER AND RETAILER - SC2116
SBA PRE QUALIFIED SPECIALTY COFFEE ROASTER AND RETAILER - SC2116
Financial Information
- Asking Price: $2,190,000
- Cash Flow: $500,000
- Gross Revenue: $2,500,000
- Down Payment: $2,190,000
- Financing: No
- FFE (Included): $400,000
- Inventory: $100,000
Business Location
- California
Business Description
Market Outlook/Competition
Support & Training
Reason for Selling
Detailed information
- Year Established: 2008
- Home-Based: No
- Franchise: No
- Relocatable: No
- Required Licenses:
- Is Property Leased: Yes
- Real Estate Included: No
- Real Estate Available: N/A
- Real Estate Value: N/A
- Part-time Employees: 25
- Full-time Employees: 5
- Building Size: 5830 sq ft
- Monthly Rent:
- Facilities Description: They currently operate out of 3 retail locations in California, with one of them having their roasting facility as well. One location that has the roasting facility is approximately 2,850 square feet with a monthly rent of $4,100 and a lease that expires on September 1, 2040, with an option for another 10 years. The second location is approximately 1,480 square feet with a monthly rent of $3,881 also with a 10-year lease that expires in June 2028. The third location is approximately 1,500 square feet and is a newer retail location starting in August 2020 with a minimum monthly rent of $2,250 + NNN at $1.17 per square foot, or 9.5% of gross revenue, whichever is greater. The lease term is 5 years and 2 months.
Broker: ProEquity Asset Management Corporation License ID: 01870526
Listed By: Adriana Sargent
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Background information
Reference:
SC2116
Year established:
2008
Reason selling:
Sellers are selling to pursue other interests.
Operations
Employees:
Part-time Employees: 25 Full-time Employees: 5
Equipment:
FFE (Included): $400,000
Inventory:
Inventory: $100,000
Premises
Facility:
They currently operate out of 3 retail locations in California, with one of them having their roasting facility as well. One location that has the roasting facility is approximately 2,850 square feet with a monthly rent of $4,100 and a lease that expires on September 1, 2040, with an option for another 10 years. The second location is approximately 1,480 square feet with a monthly rent of $3,881 also with a 10-year lease that expires in June 2028. The third location is approximately 1,500 square feet and is a newer retail location starting in August 2020 with a minimum monthly rent of $2,250 + NNN at $1.17 per square foot, or 9.5% of gross revenue, whichever is greater. The lease term is 5 years and 2 months.
Square footage:
Building Size: 5830 sq ft
Location:
California
Opportunities
Growth:
The rising demand and inclination of consumers towards the consumption of coffee across the globe is a primary factor driving the growth.
Market:
The global coffee roaster market was valued at USD 1.22 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.3% from 2022 to 2030.
Price and terms
Price:
$2,190,000
Down payment:
$2,190,000
Financing:
Seller financing is currently not available.
Training:
The Seller is willing to provide training at 30 hours per week for 4 weeks for the new Owner. Additional training may be provided at agreed upon price and terms between the new Buyer and Seller.