Trendy Coffee/Wine Cafe In College Town For Sale!

College Station, TX
Brazos County

In high traffic locale with youthful demographics!


Asking Price: Annual Revenue:
$284,000 $393,529

Food & Beverage: Coffee, Cafe, Dessert


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RE: Trendy Coffee/Wine Cafe In College Town For Sale! Broker: Larry Fry
Owner Financing is Available!
Will seller-finance at higher sale price of $325,000 with 30% to 40% down and balance payable via 60 monthly payments at 5% interest.

Quick Facts

Asking Price: $284,000
Annual Revenue: $393,529
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: $18,333
FF&E: $43,052
Real Estate: Not Disclosed
Year Established: 2017
Employees: 9
BBN Listing #: 77956457
Broker Reference #: 75951-635695

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Business Overview:

Great potential! Strategic college town location! Motivated seller!

This trendy coffee & wine cafe offers a variety of coffee, latte, pastry, select wine and craft beer options, as well as an inviting atmosphere which works well for simple dates, coffee with friends, relaxing with a nice book, getting work done in the morning, or socializing over wine in the evenings. For those who love concocting and/or serving coffee with pastries, select wines with arduously constructed cheese boards, or even craft beers, then this is the place for you. There is plenty of seating available to handle peak crowd times, with additional seating available both upstairs and outside on the patio.

From a location standpoint, this business is located in a growing college town with lots of specialty coffee, craft beer, and select wine drinking students and Millennials. More specifically, it is located in a fairly new upscale strip-shopping center along with other popular businesses in an area having youthful, under-40 demographics. It is also on a major street representing a high traffic location. This business benefits from its busy college town location with a high amount of passing trade. In addition, other complimentary businesses located in its area provide for a higher number of walk-in customers!

NOTICES:
* Annual Revenue shown is for the year 2018 as reported by the seller.
* FF&E shown is approximate as reported by the seller.
* Current Inventory is $2,276 as reported by the seller.
* All information, data, financials, valuations, appraisals, etc. must be verified by the buyer’s independent professional advisors before putting any money at risk as the broker makes no warranty, expressed or implied, as to the complete accuracy of this information obtained from the seller.
* Non-Disclosure Agreement (NDA) is required. The seller’s financial data is confidential & will only be disclosed to qualified buyers with a signed NDA in place.
* For more information please contact broker or email us.
* References Used: 2019 Business Reference Guide -> NAICS 722515 -> SIC 5812-28 and others available upon request.

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Property Features and Assets:

The interior has a look of reclaimed industrialization with a modern spin induced by including progressive lighting fixtures, recycled magazine wallpaper, unique art, and varied application of materials with reclaimed gray barn wood around the bar and on the ceiling in the front entryway. In the nook under the staircase is a built-in custom sofa with a unique art piece made by a local artist. There is intimate seating and the mood of a space, all designed to encourage conversation and cultivate relationships. The overarching theme of the bar became an idea of new life and unexpected beauty because of the reuse of old materials throughout. From the reclaimed barn wood to the custom sofa, to the picture on the walls, even the walls themselves, they all have a story and together create the interior design of this business.

Market Competition and Expansion:

Selling America’s favorite hot beverage, the coffee shop market has grown significantly in the last decade and could still double over the next 15 years. A coffee shop is best owned by a perfectionist as distilling the ingredients, staff and ambience into just the right mix is the defining goal of the independent café culture. The key to this business is growth through differentiation from the single largest competitor in the industry, Starbucks. One should be cognizant of the rental rates of the space, and verify from the seller that maintenance service is readily available for the espresso equipment, etc. Also, remember that coffee is a product of convenience no matter how good the product is, so the potential customer base within the pull radius of one's location (i.e., like this business) is critical to the location's viability. Specialty coffees represent 37% of U.S. coffee cups and are considered the highest quality in the world. The retail value of the U.S. coffee market is estimated at $30 to $32 billion, with specialty-coffee comprising approximately a 37% volume share but nearly 50% value share. New consumer values have changed the game for coffee. But the industry is adapting, and thriving, by embracing innovation and transparency. From sustainability to wellness, these realigned priorities mean that consumers are paying more attention to what’s in their cup than ever before. And while there is not a significant change in the quantity of coffee that people are consuming, there is a clear change in the quality and consideration of each cup. Most tellingly, in 2019 the share of gourmet coffee consumed past-day reached a new high of 61%. This shift is also seen in emerging consumer behavior patterns. Driven by younger coffee drinkers, there is a gradual but steady increase in the share of coffee prepared out-of-home and consumed after breakfast. The under 40 year old demographic group is now a formidable force in the specialty-coffee market. They’re driving remarkable growth in cold brew and ready-to-drink and are also demonstrating exciting growth trends. Considering how recently they’ve reached mainstream markets, awareness of these beverages is high at 80% and 89% respectively. Both of these categories offer opportunities for innovation, from preparation methods to functional ingredients, etc. In terms of valuation growth, the overriding value of a coffee house is repeat business from a loyal customer and vendor base. As a result, prospective buyers must ensure that all vendor contracts will convey or transfer to them upon the closing of a purchase transaction. In addition, new owners should recognize that profitability is key to determining overall value of the operation. A well-run, mature coffee house can net to the owners in excess of 20 percent of gross revenue.

Reason for Selling:

Sellers need to downsize their business portfolio.

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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