Owner Financing is Available!
Business Overview:
Coffee and tea cafe and restaurant located on the Historic Downtown Square in Newnan, Georgia. One of the few remaining coffee and tea houses in Atlanta that boasts fresh roasted coffee and hand tamped espresso. This unique gem sits quietly on the busy downtown square has become a necessary stop for teachers and students looking for a caffeine fix on their way to school, a mid-day pick-me-up for local businessmen, a tranquil escape for stay-at-home mothers and retirees looking for a place to meet with friends, an ideal place for after school studying or tutoring sessions, and an interesting space for all too enjoy and wind down in the evening. In addition to the coffee, teas, espresso drinks, beer and wine, there is an impressive selection of pastries, soups, salads, sandwiches, wraps and desserts to nosh on while enjoying a live performance from one of our local musicians or viewing the beautiful art and photography of local artists that bring life to the brick and plaster walls of another generation.
Sales have reached $250,000 and profitable with original owner but current owner only doing Gross Sales of $163,838 2011 thru November with Net Loss $11,769. The current owners acquired the coffee shop in June of 2010. All assets are in excellent condition.
Priced at $99,000 and owners are very motivated to sell and will consider financing a portion of sale. Owner has seen upward trends in monthly sales and is nearing the “break even” marker which, upon purchase, was estimated to be reached by the end of 2012. Owner works for AirTran Airways and will be relocating soon, but doesn’t foresee any reason a change in ownership would jeopardize this goal. An Owner with hands on experience and drive could resurrect this once very vibrant business and dramatically increase sales. All assets are in excellent condition.
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:
Located on the west side of the Historic Downtown Square in Newnan, Georgia just minutes off I-85, south of Atlanta.
1,700 sq. ft. Long term lease at $2,548 per month includes all extras. Seating for 50 plus outdoor seating; cafe has had up to 100 guests on nights they do live music. All assets are in excellent condition.
Newnan is a common stop for tourists and locals who visit the many small, historic areas that make up the south Atlanta area and is home to many outdoor markets and festivals
Market Competition and Expansion:
An Owner with hands on experience and drive could resurrect this once very vibrant business and dramatically increase sales.
Reason for Selling:
Relocation.
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.
Resources: