Listing Number: 76931-457476
Description
Situated in the heart of Harlingen, TX, this coffee shop offers excellent growth opportunities. Having been established for over 10 years, this business has proven that they had developed a strong and loyal clientele base. While this business currently provides catering services, there is significant potential for growth in this area. If new ownership can position itself not only as a destination for enjoying coffee in a sit-down setting but also as a major player in catering, sales could potentially increase by 15-20%. With an equipment list worth approximately $50k and $72k in leasehold improvements, a buyer is getting a great value with the purchase of this business.
The business has an impressive reputation on Google, with nearly 300 reviews and a 4.6-star rating. It also generates significant engagement across various social media platforms, with over 7,000 followers, 6,600 likes, and receiving 444 reviews on Facebook. This establishment has firmly positioned itself as a leading local business within the community.
This semi-absentee run business requires the current owner only 10 or less hours per week to ensure inventory is accounted for and payroll is done. In 2023 the business generated $349,610 in Sales with an SDE of about 50k. The owner is seeking to sell the business to concentrate on their other ventures with her husband, which requires her to relocate and prevents her from giving this business the necessary attention. Consequently, a new owner has the opportunity to significantly boost sales by focusing more on the business. This business is ideally positioned for a new owner to elevate it to the next level.
Listing Details
- Price: $99,500
- Down Payment: --
- Sellers Discretionary Earnings: $50,510
- Total Sales: $349,610
- Location: Harlingen, Cameron County, Texas
- Inventory: $10,000
- FF&E: $50,000
- Employees: 12
- Year Established: 2014
- Reason for Selling: Wants to focus on other ventures
- Category: Food Business Retail
Contact Agent:
- Steve Merritt, CPA, CBI, CM&AP, M&AMI
- Phone: (713) 303-4668
- Email: [email protected]
