Seller's Contact Information
- RE: Established And Profitable Coffee Shop By College
- Contact: Aaron Brownlee
Quick Facts
Asking Price: | $110,000 | |
Annual Revenue: | $203,310 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $52,366 | |
Total Debt: | Not Disclosed | |
FF&E: | $20,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2015 | |
Employees: | 8 | |
BBN Listing #: | 709752298 | |
Broker Reference #: | 06471-841665 |
Business Overview:
Profitable Coffee Shop in Growing Edmond, OK area, that is in close proximity to large university.
The current owner purchased the business in December of 2019. At the time of purchase in 2019, the business was having a difficulty growing sales and producing a profit. The present owner doubled annual sales from $100k to $200k that generated a profit. The owner did this by expanding the menu to include boba tea, fruit tea and bagel sandwiches. This growth continued throughout CoVid. Additional efforts were made in social media and outside marketing (signage). Being in close proximity to the University of Central Oklahoma, continued growth is expected, as their customer base continues to grow due to their expanded menu.
This business is one of two with menu similarities that serve the University, community in this area and the surround college apartment complexes. This business is on the North side of campus and the competitor is on the south side. In relations to coffee and tea competitors, there are four competitors. All four of these competitors are on the south side of campus, while this business is the only one on the north side.
There is considered amount of growth by marketing through the university and surrounding apartments. Additional growth is expected if the food items are expanded on the menu.
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Reason for Selling:
Relocating
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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