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Independent and Profitable Coffee Shop – Tremendous Opportunity!
North CarolinaListing DetailsOffice ID: COFFEE1
Status: Active
Listing Broker: Joe Vagnone
Price Range: $100,000 - $250,000
Gross Revenue: $197,900
Cash Flow: $23,420
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:
Seller will consider some financing to the right qualified buyer.
Absentee Owner: Yes
Reason for Sale:
Seller’s primary business is his CPA firm, and this has grown.  Seller will focus on his primary business.

Training:
Seller will train a new owner – Length of time is negotiable.

OperationsYear Established: 2010
Form of Ownership: S Corp
Employees (full-time): 1
Employees (part-time): 8
Managers: 1
Business Hours: Monday – Friday 6 am – 9 pm, Saturday – Sunday, 7 am – 9 pm
Summary
Business Description:
A friendly, community-focused coffee shop focused on quality craft-made products since 2010, this business offers a nice, relaxed environment in a busy and growing area in the heart of Charlotte, NC. This business prides itself on quality, reasonably priced products, and offers a larger space than most competitors for both individuals and local groups to come and meet together. The business serves not only quality craft-made coffee products and drip coffee, espresso, chai, specialty drinks and beer, wine and liquor, it also serves pastry foods – danish, muffins, and scones – all of which come from a local pastry shop, and breakfast sandwiches. Features:
  • Good, friendly staff
  • Premium location and long-term lease
  • More than a decade of history
  • Independently owned and operated
  • Profitable – with last 3 years average revenues at $197,900 With an absentee owner, this business is ready for a new, entrepreneurial-minded owner to continue the journey. Don’t wait – inquire today!  All reasonable offers will be considered.

Historical Summary:
  • Inception – 2010: A sole proprietor owned Dilworth Coffee at 5818 Highland Shoppes Dr C-9, Charlotte NC 28269
  • 2010 – 2012: The corporation “The Coffee Concept Inc” owned this Dilworth Coffee, and “The Coffee Concept Inc” was owned by two shareholders, Daniel Miller being a 50%% shareholder
  • 2012 – 2016: The corporation “The Coffee Concept Inc” continued to own this Dilworth Coffee, with Daniel Miller as 100%% shareholder
  • 2016 – Present: The corporation “The Coffee Concept Inc” continued to own the location, with Daniel Miller as 100%% shareholder but about 2016 changed its DBA from Dilworth Coffee to Barista Craft

Owner Qualifications:
An active owner/operator, strong coffee knowledge, manage sales, basic bookkeeping, business management

Competition:
With 2 main competitors in the market area, this business competes on the basis of maintaining an inviting atmosphere, offering a larger space, food items are more reasonably priced than its competition.
Potential Growth:
The potential growth of this business is limited only to the creativity and marketing of a new owner.
LocationType of Location: Strip Center
Lease Expires: Jun 30, 2024
Monthly Rent: $3,650
Square Footage: 1100
Facilities:

This business\'s location is ideally located in a very busy strip center with an end-cap location and offers a wonderful area with plenty of outside seating.


Last Updated: Aug 16, 2020 / 4:10 PM
Financial Information Current As Of: Aug 16, 2020 / 12:49 PM