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Connecticut Business For Sale |
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| GOURMET COFFEE SHOP |
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| Attn: Dave Larson |
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| Central CT, CT, USA |
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| Asking Price: |
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$440,000 USD USA Dollars |
| Business for Sale Industry: |
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Food & Beverage: Coffee, Cafe, Dessert |
| Reason for Selling: |
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Wants a change after a decade in the retail coffee business. |
| Year Established: |
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10+ |
| # of Employees: |
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12+ |
| Yearly Cash Flow: |
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$130,000 |
| Yearly Gross Income: |
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$823,000 |
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Business for Sale Overview:
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The business sells unique specialty coffees in their own retail store and over the Internet. Store customers come mainly from town and the immediately surrounding towns, but Internet based sales are nationwide. The business buys the finest, highest grade coffee beans available. The store is prominently located in an upscale town and sells a variety of freshly brewed coffees, baked snacks, coffee beans, specialty foods, teas, accessories, and gift baskets.
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Property Features and Assets:
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The retail location is in a very well located and well maintained free standing building. There is 2,200 sq ft retail and work space plus over 1000 sq ft of storage space. There are designated parking spaces adjacent to the building. The lease has about 14 years to go and is well below the area market rates.
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Market Competition and Expansion:
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Competition: There is local competition, mainly national chains and franchises, all but one of which has been established for at least 4 years. They are. Competitive advantages have been quality, freshness and uniqueness of its coffee. It simply has better tasting coffee than their competitors because of the quality of the beans they buy and their proprietory blending. A large, loyal customer base supports this claim. Growth and Expansion: It makes sense to expand the lunch offering, which is now mainly some baked goods. Everything's in place to do sandwiches. Existing gift basket business is another area ripe for expansion, and internet ecommerce site could be upgraded to garner more online orders.
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Additional Details:
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- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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