Business For Sale

Business Overview:

This cozy comfortable coffee and tea house has an outstanding location and is a favorite gathering place for students, faculty, and locals. It has been established since 2004 as a coffee and tea alternative for the community. It is located within a stones throw of the University of Washington Bothell Campus and Cascadia Community College. The U of WA has a housing unit for over 325 students on campus, there is a new health clinic going in across the street (it will employ 75 people and see over 125 patients a day), it is only blocks from the new Gateway project which is a mixed use of apartments and retail, and it is across the street from the Bothell Post Office. The business is a stand alone building which occupies 2,584 sq ft and has 3 private meeting or study rooms (perfect for meetings, weddings, gatherings, study rooms, or for special events), seating for over 75 customers and parking for 18. It has a warm, friendly, cozy atmosphere with a unique ambiance. There is a stage that is used to host local performers in the evenings and many comfortable chairs and sofas and a warm fireplace. The business serves premium coffee drinks, a large selection of teas, bubble tea, pastries, bagels, soup, sandwiches, Wraps, and desserts. The business is currently not open on Sundays and the new owner could capitalize on this and increase the income. There is no beer and wine license, due to the owner’s convictions, and the new owner could really increase the income by adding one this close to the Universities, it would be a natural for the students. The new owner could also increase the use of the meeting and gathering rooms for weddings, study groups, church functions, meetings, and banquets. The current owner does not have any catering or delivery service and this could easily be added for the businesses, apartments, and students in the area. The owner has some serious family health issues and must sell ASAP. Seller terms with 50% down, 3 year term, at 6% interest. The Landlord is willing to give a first right of refusal on the purchase of the building and land.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Property Features and Assets:

The business is a stand alone building which occupies 2,584 sq ft and has 3 meeting or study rooms (perfect for meetings, weddings, gatherings, study rooms, or for special events), seating for over 75 customers and parking for 18. It has a warm, friendly, cozy atmosphere with a unique ambiance. There is a stage that is used to host local performers in the evenings and many comfortable chairs and sofas and a warm fireplace. The base rent is $3,002 per month with NNN charges of $600 per month. The lease is a 5 year lease, with options to a qualified tenant, and a first right of refusal on the purchase of the land and building.

Market Competition and Expansion:

This business has established itself as a destination alternative coffee and tea house. It has many unique features not found in other coffee establishments in the area. It caters very heavily to the students and businesses people surrounding the location.The business is currently not open on Sundays and the new owner could capitalize on this and increase the income. There is no beer and wine license, due to the owner’s convictions, and the new owner could really increase the income by adding one this close to the Universities, it would be a natural for the students. The new owner could also increase the use of the meeting and gathering rooms for weddings, study groups, church functions, meetings, and banquets. The current owner does not have any catering or delivery service and this could easily be added for the businesses, apartments, and students in the area.

Reason for Selling:

The Seller has serious family health issues.

Additional Details: