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Accommodation & Food Services

Semi-absentee Coffee Shop In Growing Market

Union County, NJ, USA
Listed 45 days ago

Well-established coffee shop located in a desirable and growing area. The business is semi-absentee, with the owner primarily responsible for scheduling and payroll while day-to-day operations are handled by the staff. Strong and growing revenue year over year. The company has been Lender pre-qualified.

Employees

5 FT/2 PT

Real Estate

Lease

Trading Hours

Mon-Fri 7am-5pm; Sat-Sun 7:30am-4:30pm

Management Type

This business has absentee ownership.

Premises Details

Bright and airy space on the main street with separate seating area available for private events. The location is positioned for continued growth with a significant new apartment development about to break ground directly across the street.

Years Established

6

Support & Training

Will train for 4 weeks @ $0 cost.

Expansion Potential

The business has been growing every year and will benefit even more from the development of a large apartment complex across the street. Additional revenue opportunities include private catering and rental of the back room for private events and groups.

Competition / Market

The store is in the main area of town. While there are other coffee shops in the area, they lack the central location and loyal customer following.

Inventory / Stock Value

$4,000 - included in the asking price

Reason for Selling

The owner is a trained dietician and is going to return to work in that field.

Financials

Asking Price
$450K
RevenueMost Recent Year
$579K
Earnings (SDE)Last Reported
$135K
Assets ValueIncluded in Asking Price
$100K
Seller Financing
Not available

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