What would this coffee retail store be worth?
I am looking at a second location and there is a store available for sale. What would you pay?
10 years under same ownership. Beautiful interior. All equipment is in excellent condition. 60% is coffee beverages, the rest bakery, grilled panini sans. Reported sales in 2007- $170K. 2008- $206K and looks like this year will be about $190K. 5 years left on lease at $725/month with option to renew lease.
10 years under same ownership. Beautiful interior. All equipment is in excellent condition. 60% is coffee beverages, the rest bakery, grilled panini sans. Reported sales in 2007- $170K. 2008- $206K and looks like this year will be about $190K. 5 years left on lease at $725/month with option to renew lease.
Comment
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Comment by ray peck on August 10, 2009 at 8:44am
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Thanks. I was thinking about the same price range.
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Comment by Brendan on August 9, 2009 at 6:34pm
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I think it depends on your actual profit. You could have 3 million in sales and still not make a dollar:) If you actually make 25,000 or so in a year I would put your shop in the 50,000-75,000 range.
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