Owner Financing is Available!
Business Overview:
This 2,280 square fee Coffee House has been a landmark in the Town of New Milford for over 15 years. Serves all types of coffees including locally roasted blends, over 30 different tea selections, pastries & cookies baked fresh on the premises. Serves breakfast & lunch.
It’s a local hot spot for residents, shop keepers, people working in the area, town employees, customers of local businesses, students and movie theater patrons. An average of 200 – 300 customers per day stop-in.
The menu includes egg sandwiches in the morning along with bagels, homemade muffins, cakes, bars, pies, puddings & biscotti. During the day they serve soups, sandwiches, wraps, salads & quiche. Wi-Fi is available and entertainment with live music and other acts on most Friday nights.
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:
There is plenty of space to display gift items, local art etc. This business has the flexibility to go in any direction new Owners are interested in – night life, Sunday brunch, expanded menu, special event hosting etc.
The current Owners (husband & wife) bought the business last year and operate as semi-absentee Owners. The husband has a restaurant in NYC and commutes. Since purchasing they have decided to move out west as soon as their businesses & home are sold.
Hours of operation are: Monday 7 to 6, Tuesday through Thursday 7 to 7, Friday 7 to 9, Saturday 7 to 7, Sunday 8 to 5. The Owners are semi-absentee and work in the business 10 – 15 hours per week. This is good if looking to make money without a lot of work or invested time and bad since extra labor needs to be utilized, productivity is usually lower and your customers may not get the same level of service if an Owner was present all the time. This is a huge trade-off. This analysis will assume an Owner/Operator is purchasing the business and working full time with a resulting savings in labor costs and increase in revenues.
Market Competition and Expansion:
Sales adjusted for this is estimated at +/- $6,300 per week or around $328,000 per year. Since the current Owners haven’t operated the business for a full year in 2009 or this year, certain expenses were standardized (industry norms were used). Revenues at this volume would give an Owner/Operator +/- $79,400 of Owner’s Cash Flow (The Net).
The business is located on historic Bank Street, New Milford, CT. There is a movie theater, bookstore, fine restaurants, clothing stores, health food store, and many other local businesses, banks, law offices and town offices nearby.
The business has 2,280 square feet of space (1st floor 1,389 square feet and a basement with 900 square feet) The basement is used for an office and storage. The main level has 55 seats, counter, prep, display area, bathrooms and a kitchen area. The business is at the bottom of Bank Street with a municipal parking lot by the train station a couple hundred feet from the store. There are 9 years remaining in the lease (including option). Rent is $1,950 gross per month. Landlord pays heat, water and sewer.
Reason for Selling:
Owner’s plan to move out west when business and ho
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.