MergerPlace

Turn-Key Café in Highly Visible Area

Harrisonburg, Virginia (Harrisonburg City)


  • Asking Price: $80,000
  • Gross Income: $235,761
  • Cash Flow: $20,000
  • Real Estate: Not Disclosed
  • Inventory: $1,000
  • FF&E: $5,000
  • Listing ID: #210623
  • Established: 2017
  • Employees: 7

Business Description

This café was a brand new build-out in late 2016. It is part of a regional franchise that has a clear step-by-step process for success. The café offers coffee, tea, hot-chocolate, almond milk, iced coffee, espresso, donuts, and more. It is a popular hang-out of college students and locals in Harrisonburg due to its proximity to James Madison University.

The café has 5 part-time and 2 full-time employees. The owners live out of state at the moment so a new owner-operator would likely be able to save on payroll expenses. The café is doing around $15-20K in revenue per month with only a little advertising. An active owner-operator would easily be able to take this business to the next level, and would have no build-out costs, since all furniture, fixtures, and equipment are new and the location is beautifully branded! Contact us now to take advantage of this affordable, turn-key café!


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Virginia
Metropolitan Area: Harrisonburg
County: Harrisonburg City

Company Information

Year Established: 2017
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 7

Financial Information

Asking Price: $80,000
Gross Revenue: $235,761
Cash Flow: $20,000
FF&E: $5,000
Inventory: $1,000
Seller Financing Available: No

Property Information

Facilities:

The business is situated in a high rise mixed use building with apartments above and restaurants on the main level.

Growth & expansion opportunities:

Currently the business is run remotely by the owners who live out of state. Although the business has well trained staff in place, the operation would benefit from an active owner operator who would be able to drive more business growth. Marketing has been minimal due to the owners both having primary day-jobs, so a new and improved advertising push would certainly drive new business to the café. The other franchises generate ~$30K/mo. in revenue without much extra effort. A focus on offsite events/catering would also allow the business tap into an untouched market.

Competition:

There are no other cafes in the immediate area that compete with this business.

Reason for selling:

Family.

Support & Training:

Seller will provide necessary training and support.

Contact Business Seller

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Business Listed By:

Jordan Chenette

Horizon Business Brokers, LLC