Funky Decorative Local Cafe & Coffee House In Tacoma For Sale

Business description

This well known and destination Café and Coffee house is located in the heart of downtown Tacoma’s Theater District close to the University of Washington Campus, Municipal City and County Buildings, and the Glass museum. The cafe is warm with a funky decorative edge, with180 degree windows allowing natural light in, which creates a pleasant inviting and tasteful interior with couches, fireplace and plenty of tables. There is seating for over 35 plus a large off - street patio for outside seating. The business features local artists and is perfect for meetings, social networking, and relaxing. It serves breakfast sandwiches, pastries from Corina Bakery, Mike's East Coast Panini Sandwiches, soups, salads (including pasta), desserts, coffee and teas. The owners are live out of town and must sell. Only open short hours 7 AM-3:30 PM five days a week. The new owner could easily open longer hours, be open on Saturday and Sunday, offer a free delivery service - this is the perfect demographics (many office buildings and Municipal City and County buildings), add a liquor license (beer and wine), add bubble tea, add live local entertainment, provide catering to the local businesses and the City and County facilities, rent out the space for banquets, meetings, special events, or office meetings. The current owner has done no marketing or promotion. Seller terms to a qualified Buyer. This is a “gold mine” waiting for an aggressive and motivated owner operator.

Property information

Real Estate:

Lease

Lease terms:

The base rent on the Lease is $2,200 plus NNN charges of $500 per month. The Lease expires 8/31/2013 and has a 3 year option to extend.

Leasehold rent:

$32,400 per annum

Location:

This well known and destination Café and Coffee house is located in the heart of downtown Tacoma’s Theater District close to the University of Washington Campus, Municipal City and County Buildings, and the Glass museum.

Premises details:

This well known and destination Café and Coffee house is located in the heart of downtown Tacoma’s Theater District .The cafe is warm with a funky decorative edge, with180 degree windows allowing natural light in, which creates a pleasant inviting and tasteful interior with couches, fireplace and plenty of tables. The business occupies 1800 sq ft and has seating for over 35 plus a large off - street patio for outside seating. The base rent on the Lease is $2,200 plus NNN charges of $500 per month. The Lease expires 8/31/2013 and has a 3 year option to extend.

Business Operation

Expansion potential:

The new owner could easily open longer hours, be open on Saturday and Sunday, offer a free delivery service (this is the perfect demographics (many office buildings and Municipal City and County buildings), add a liquor license (beer and wine), add bubble tea, add live local entertainment, provide catering to the local businesses and the City and County facilities, rent out the space for banquets, meetings, special events, or office meetings. The current owner has done no marketing or promotion.

Competition / Market:

This well known and destination Café and Coffee house is located in the heart of downtown Tacoma’s Theater District. The café has a unmistakable ambiance that makes it totally unique to this area.

Reasons for selling:

Absentee owner with other business interests

Trading hours:

7AM – 3:30 PM (Mon – Fri)

Employees:

2 FT / 2 PT

Years established:

8

Other information

Support & training:

The Seller will provide one week of on site training on the day to day operation of the business, preparation of all food items on the menu, operation of the equipment, and introduction to Vendors.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Cash, Bank Financing, Seller terms to a qualified Buyer.

Furniture / Fixtures value:

$40,000 (included in the asking price)

Inventory / Stock value:

$1,000