Established Canadian businesses - For Sale by Owner - in Canada
Listing # 82111004
Business For Sale
Coffee shop with Land & Building
Business Location: Alberta Postal Code: T4N Relocatable: No
Food & Related Products Hospitality & Food Service
This business was initial established in this location in 1996. It has had only two owners. The current owners purchased the business in 2006. The sales have been as high as over $300,000.00; with the current economy, the sales in 2017 were $269,094.00.
With the lowering of sales, the owners have run the business mostly with just the two of them and 2 part-time staff.
The hours of operation are: from Monday - Thursday 7.30 am - 10 pm, Friday 7.30 am - 6 pm and Saturday 9 am - 5 pm, Closed Sundays and all Holidays.
One of the owners are the chef who works about 7 hours a day Monday to Friday.
The other owner works about 6 hours a day for the same period.
The other hours are covered by part-time staff.
The sales are a little lower with the turn down in the economy in Alberta for the past two years. The cash flow has remained nearly the same as the owners have worked longer hours then previously. The cash flow is around the $91,753.00 per annum.
MARKET & COMPETITION
Since the current owners purchased the business in 2006, there have been a number of coffee shop open and close. There is currently one other one which would be considered a main competitor. There are a number of other food operations in the City. The owners have an offer for a job in Hawaii and would like to sell the operation and move.
INCLUDED, EXCLUDED & OPTIONAL
- INCLUDED in the Price -
This is a well established Coffee shop with an excellent lunch trade located in city of 13,000 population. This business has all the equipment to operate as an successful business.
It is located near the center of the City on a large lot in a older house which has an excellent atmosphere for coffee shop operation. The main floor has approximately 1200 Sq.ft. of space which contain 48 seats plus there is patio for Spring, Summer and Fall use with a further 25 seating. The cooking area is located in the basement.
- EXCLUDED from the Price -
There are a couple of personal pictures that would not be sold with the business.
- OPTIONAL & EXTRAS -
The atmosphere of this operation is very well suited to a lunch and coffee shop. There is an area for reading and also for groups to meet for coffee meetings. The lunch trade is very busy each day as the location in near a number of profession offices for doctors, lawyers and accountants.
There is also a large Government office just across the street. There is lots of parking for lunch time and evening and Saturdays. The City Hall is just behind the operation and has easy access to the coffee shop.
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