Highly Rated Specialty Coffee Shop in Grand Rapids

Not Disclosed, MI
Kent County

Asking Price: Annual Revenue:
$43,500 $155,505

Food & Beverage: Coffee, Cafe, Dessert

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RE: Highly Rated Specialty Coffee Shop in Grand Rapids Broker: Seller of Business
Owner Financing is Available!
Limited Seller-Financing Available for Qualified Buyers.

Quick Facts

Asking Price: $43,500
Annual Revenue: $155,505
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 2018
Employees: 6
BBN Listing #: 380445079
Broker Reference #: 634

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Business Overview:

This well-located coffee house has become known for a welcoming community vibe, premium coffee and espresso drinks, gluten-free offerings, ample free parking and a cozy upstairs that is more and more frequently rented for bridal showers, baby showers, birthday gatherings and corporate retreats.
First opening for business in January 2018, the owners invested heavily in bringing the coffee shop to life. Rated 4.8 on Google with over 300 reviews, the shop boasts a wide variety of drinks with flavorful combinations, a wide variety of espresso drinks, lattes, unique hot and cold beverages such as the Nitro Cold Brew, Rose Quartz Latte, and many other specialty brews. Other options include teas, shrubs, bottled drinks, gluten-free options, and tasty baked goods like brownies, donuts, magic bars, cake pops, cheesecake bars, and more!
Much of the “hard” work has been done, which was essentially getting through the first two years while maintaining and growing a superior reputation. The Business is now a turn-key operation ready to benefit from a new, hands-on or growth-oriented owner. The coffee shop is completely staffed up, runs with limited ownership involvement, has an outstanding reputation both locally and online, and is ecommerce and online order friendly with delivery options.
The coffee shop’s location in the heart of West Michigan is optimal, with free and ample parking, a cozy, rentable upstairs, and two ADA restrooms. There exists lots of traffic and investment in the area. Furthermore, there are actionable growth opportunities for a new owner to create an immediate impact.
Ownership is seeking a transition of some sort, and are open to a transaction or potential partnership. They believe the business could benefit from an owner that is more hands-on. They are willing to help a new owner transition into the business.
Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found, please email us and request a PDF version.
Once we receive your NDA and answers to some basic questions, the Confidential Information Memorandum (CIM) will be sent to you from the project manager.
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Property Features and Assets:

The Company owns a 1,600 square feet facility. It is available for sale or lease with the coffee shop.

Market Competition and Expansion:

Investment Highlights Include: (1) Turn-Key Operation: The shop can run without ownership involvement and is ready to benefit from a new, hands-on or growth-oriented owner. (2) Staff: The Coffee Shop is completely staffed up with the best staff the business has ever had. (3) Online & Delivery: The Business has a website that is ecommerce and online order friendly. The Company receives periodic online orders despite doing little to nothing to promote online ordering. (4) Optimal Location: The coffee shops’ location in the heart of west Michigan is optimal for traffic, contains plentiful parking, a rentable upstairs, two bathrooms and the area is receiving and undergoing consistent investment and development. (5) Outstanding Reputation: The Company retains a 4.8-star profile on Google, a 5.0-star Facebook review profile, and 4.5 stars on Yelp. Growth and Expansion Pros and Cons: (1) Owner Involvement or Experience: This opportunity is well suited to an owner who wants to be active in the Company’s operation or to an ownership group with experience in the coffee industry looking to expand into a new location. (2) Price Increases: Price have already been raised a few times with no pushback. Therefore, ownership plans on continuing to gradually increase prices. (3) Location: The Westside, with a Meijer gas station coming and more residential locations popping up, is the top area for growth in GR. Recently announced, is a $5 Million development project coming to Grand Rapids West Side. Additionally, there are 50 apartments coming less than .5 mile away from the shop. (4) The Business is likely not getting the best pricing or volume discounts as ownership a) doesn’t have experience; b) doesn’t have time; and c) doesn’t have any discount purchasing power. Furthermore, pushing CBD, offering new baked goods or pushing retail coffee would yield additional sales, but the coffee shop is not currently pursuing any of these opportunities.

Reason for Selling:

Other business interests.

Additional Details:

  • The property is owned.
  • 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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