Popular Local Cafe in Busy Downtown Location

Not Disclosed, MA
Bristol County


Asking Price: Annual Revenue:
$179,900 $248,507

Food & Beverage: Coffee, Cafe, Dessert


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RE: Popular Local Cafe in Busy Downtown Location Broker: Jeff Larrabee
Owner Financing is Available!

Quick Facts

Asking Price: $179,900
Annual Revenue: $248,507
Net Profit: Not Disclosed
Cash Flow: $46,968
Total Debt: Not Disclosed
FF&E: $50,945
Real Estate: Not Disclosed
Year Established: 2004
Employees: 3
BBN Listing #: 11462860
Broker Reference #: 12821-655785

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Business Overview:

Here is a great opportunity to own a bustling downtown cafe and coffee shop that’s been a breakfast and lunch destination for over 16 years. Lovingly remodeled into a warm, contemporary design by the current owner, this space provides an inviting atmosphere for young professionals, students and visitors to the city. Morning customers indulge in daily micro-brewed coffee drinks, fruit smoothies, breakfast sandwiches, waffles, pastries and toasted specialties while gourmet sandwiches, salads and paninis are popular with the lunch crowd. Numerous catering events and group deliveries to large organizations in the area help to bolster profits year round. The kitchen comes fully equipped with well maintained appliances, two walk-ins and plenty of prep and storage space. Sales have been steady for the last 3 years, despite the Covid pandemic, and they are projected to be around $350,000 by the end of 2021. Although the seller is planning to relocate from the area, she will leave to the buyer everything that is needed for a successful transition including a well trained staff, $50,000 in equipment, $3,000 inventory and a lot of room to expand. The seller is willing to provide a qualified buyer financing and short term training options with a 50% down payment. The asking price includes the tradename, equipment, website, social media, furniture, fixtures and inventory.

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Property Features and Assets:

Opened in 2004 an operated under the same name from the beginning. In early 2019, the business was sold and the new owners immediately began remodeling the space, upgrading the equipment and adding new menu items. Ground level storefront in multilevel commercial building.

Market Competition and Expansion:

There are very few worthwhile competitors in the immediate area except for one located on the same street. However, this close proximity to a similar competitor actually draws more daily visitors to the area which ultimately helps both establishments. Expand hours of operation and add a line of blended health juices. Create more social media specials and promotions for customers and catering clients.

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.

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