Upscale Coffee House In Des Moines For Sale

Business description

Well established coffee house in downtown Des Moines. Originally established in 1998, this coffee house has a high visibility location on the corner of the main street. The business has upscale surroundings, a bright and cheerful atmosphere, a warm and cozy fireplace, and charming antique decor. It serves espresso drinks, smoothies, bubble tea, Panini and gourmet sandwiches, and crepes. There is 1200 sq ft of space with seating for 45 inside and 12 outside. The Seller does not work the business and has done no promotion or advertising. This is perfect for the owner operator. The new owner could easily add delivery service and catering. The Seller has family issues and other business interests and is very motivated to sell ASAP.

Property information

Real Estate:

Lease

Lease terms:

The business is located in downtown Des Moines. It resides on the corner of the main street with high visibility. The monthly rent is $1,400 plus NNN charges of $464 per month. The lease runs till 1/31/2015 and has a 5 year option to extend. There is 1200 sq ft of space with seating for 45 inside and 12 outside.

Leasehold rent:

$22,368 per annum

Location:

The business is located in downtown Des Moines. It resides on the corner of the main street with high visibility.

Premises details:

The business is located in downtown Des Moines. It resides on the corner of the main street with high visibility. The monthly rent is $1,400 plus NNN charges of $464 per month. The lease runs till 1/31/2015 and has a 5 year option to extend. There is 1200 sq ft of space with seating for 45 inside and 12 outside.

Other information

Expansion potential:

The current owner does not work at the business and has done no promotion or advertising. The business needs an owner operator to add that personal touch. The new owner could add a delivery service for sandwiches and other fare and start a catering business to the local community.

Competition / Market:

There is no immediate competition in the area. The business has been successfully established since 1998 and is a favorite local meeting place.

Support & training:

Seller will provide one week of onsite training on the day to day operation of the business, preparation of the beverage and food recipes, and the operation of the equipment.

Reasons for selling:

Seller is absentee and has family issues and other Business Interests. The Seller is motivated to sell ASAP.

Trading hours:

7AM-7PM (M-F) 8 AM-7PM (Sat-Sun)

Financing available:

Cash or Bank Financing

Furniture / Fixtures value:

$45,000 (included in the asking price)

Inventory / Stock value:

$3,000