Coffee Shop & Cafe
Portland, OR
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BUSINESS PROFILE |
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This Coffee shop is large and a very attractive place to chill..Plus it has a great Lease. Seller opened it May 18th 2008. The build-out was capitalized from her own savings, and since she is a design and business consultant, the place is spotless and beautifully arranged. The space was designed for a coffee shop with the possibility of adding wine and wine tasting with an emphasis on retail sales. The shop is open 6 days a week Tuesday through Friday; 7 a.m. to 5 p.m. and Saturday and Sunday 8 a.m. to 5 p.m. The shop is presently being run by the Seller and her partner and they are doing about $300 per (plus $30 -$40 per day in tips) day and growing/; in fact the shop has grown steadily since its opening. The Seller has developed steady following and has invested her profits back into the business. The only reason she is selling is that her "business consulting" company is taking the majority of her time and she has made the decision to work full time in it and sell her "baby".
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RECASTED SUMMARY INCOME STATEMENT |
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| | 2010 Annualized | 2010 | 2009 | 2008 Startup 6mo | 2007 | | | Sales | $90,564 | $30,188 | $81,758 | $44,474 | $0 | | Cost of Sales | $36,792 | $12,264 | $34,321 | $0 | $0 | | Gross Profit | $53,772 | $17,924 | $47,437 | $44,474 | $0 | | Expenses | $49,854 | $16,618 | $46,656 | $47,604 | $0 | | Net Operating Income | $3,918 | $1,306 | $781 | ($3,130) | $0 | | Depreciation / Amortization | $0 | $0 | $0 | $0 | $0 | | Interest Expense | $0 | $0 | $1,526 | $0 | $0 | | Officers Salary | $0 | $0 | $0 | $0 | $0 | | Sellers Discretionary Income | $0 | $0 | $0 | $15,704 | $0 | | TOTAL CASH FLOW
(Seller's Discretionary Earnings) | $3,918 | $1,306 | $2,307 | $12,574 | $0 |
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PRICE & TERMS |
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| Purchase Price: | $65,000 |
| Down Payment: | $35,000 |
| Inventory: | $250 |
| Equipment: | $62,000 |
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LEASE |
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| Base Rent (Includes CAM) | $1,600 |
| Expires: | 2011 |
| Option(s): | New Lease |
| Square Feet: | 1,350 |
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OPERATIONS |
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| Number of Employees: | | Full Time | Part Time |
| Owners | | 2 | |
| Non Owners | | 0 | |
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| Hours of Operation | Monday
Closed |
Tuesday
7 - 5 |
Wednesday
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Thursday
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Friday
7 - 5 |
Saturday
8 - 5 |
Sunday
8 - 5 |
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MISCELLANEOUS |
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| Reason for Sale: | Way too busy in her Consulting business |
| Year Established: | May 2008 |
| Type of Organization: | LLC |
| Training: | 2 weeks uncompensated |
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Disclaimer: The information herein is compiled from information provided by the Seller(s). NorWest Business Sales makes no representations as to its accuracy or reliability. Prospective Buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.
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