Business Overview:
Ground floor investment opportunity! Be the first in on this exciting new brand!
Branded coffeehouse ideally located in central business district in popular Essex County town. They have friendly baristas, delicious coffee and desserts. Plenty of over-sized chairs and sofas, free WiFi and plenty of outlets.
The coffee shop is part of a larger (out of state) chain with 1 location in NJ. The new parent company owner is looking for a single or multi unit operator to take advantage of ground breaking opportunity to be part of a growing brand in this $51 Billion Dollar coffee shop industry (IBISWorld 2018).
This is not a franchise - the buyer will be growing the brand under a license and supplier agreement. Ask broker for details.
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Property Features and Assets:
Custom built retail space.
Assets=310,476
Market Competition and Expansion:
The business has several competitors nearby including Dunkin Donuts and Starbucks which are popular brands.
The business has grown nicely despite out of state and absentee management with minimal marketing. A local operator will be able to grow the sales substantially as well as open additional locations in NJ.
Reason for Selling:
Branded coffee shop looking for new owner - take r
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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