SEATTLE, Washington
| Asking Price |
$99,000 |
Year Established |
2017 |
|
| Annual Revenue |
$0 |
Reason for Selling |
Due to family concerns |
|
| Annual P/L |
$0 |
Attention |
David A |
|
| Annual Cash Flow |
$0 |
Listing Number |
1020003 |
|
| # of Employees |
3 |
Business Category |
Food & Beverage: Coffee, Cafe, Dessert |
|
Business Overview:
Fully equipped coffee shop, with a monthly lease of LESS THAN $1,100 per month. This monthly lease is much LESS than most espresso stands. This lease is so low that you will already be in the profits at the beginning of every month.
Due to family concerns, the current owner has closed this business. The lease is still intact for about 3 more years, and an extension for the new owner could be done. Keep in mind this busy, strong location and this low lease was enabling the current owner a net take-home pay of $5,500 per month.
There is only 300 square feet to maintain, with inside seating for 12 and additional outside seating for 4 more. So much more than an espresso stand but at about half the monthly lease payment. Now that is a winning recipe that a small business owner can take to the bank.
An easy menu concept to learn and transition into coffee, sandwiches, soups, paninis, and other prepackaged foods served. Lots of grab-and-go, walk-in customers for you to serve. Oh, and this coffee shop sits right on the bus line to the University of Washington.
All equipment is in good working order and ready to start serving up the sales again. Other notes to sing about (things to know about this business): the closest competition is about a mile away in any direction.
The current owner has owned this coffee shop since 2017. So this definitely is a well-known morning wake-me-up stop in this community. Lots of sleepy customer base in this area that need this coffee shop to bring in the new day every morning for them.
If you are looking for a coffee shop business in a great location and a coffee shop with a giveaway 5 Star Low Monthly Lease, then you need to come by, stop, smell, taste, and see this coffee shop for yourselves.
Property Features and Assets:
<p>The monthly lease is only $1,066, with triple net included. Current lease expires in 2030, but the lease could be extended. There are only 300 square feet to maintain, with inside seating for 12 and additional outside seating for 4 more. There is NO Type 1 Hood and No Grease Trap. Free street parking. Seller willing to provide all the training, including coffee recipes, etc.<br></p>
Market Competition and Expansion:
<p>This business is closed, but this low lease is still intact. The current owner had a net take-home pay of about $5,500 per month when this business was operating. The closest competition is a mile away in any direction. So you literally have this whole community coffee shop business to yourself. This is located right on the bus line to the University of Washington. This coffee shop has been at this location for about 10 or more years.<br></p>
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