This company is a very well managed chain of specialty coffee shops with a very strong customer and locations niche. The company has a carefully refined menu of exceptional espresso drinks, fresh fruit smoothies, house made sandwiches and salads that is unique and is driving growth.
The Company stays on trend with the core coffee business and features several local artesian breads, coffees and pastries insuring the freshest quality products for its customers, who have become staunchly loyal over the years. The five (5) locations are all staff managed and cater to high income professionals and students in heavy foot traffic locations. The successful, long established formula of high quality fresh products and personal customer service has led to expansion offers from existing and new facility/ location operators.
The owner will be available for a customary smooth transition. This opportunity is expected to draw interest from both individual investors and other specialty coffee chains looking to expand their reach geographically.
Also included in the price will be net working capital of $ TBD Net working capital is defined as accounts receivable and inventory less accounts payable.
Accounts Receivable: $85,000
Accounts Payable: $65,000
Net Working Capital: $TBD
At the closing, should the net working capital figure differ from the agreed upon amount, there will be a corresponding adjustment in the purchase price. Cash in the bank is specifically excluded from this sale and will be retained by the seller.
All the furniture, fixtures and equipment used in the business will be included in the sale free and clear of all liens. A list of major items is included in the full profile on this Company.
Five leased locations.
Owner is retiring for family reasons.