Description of the business for sale
Type of Restaurant Coffee Shop – Serving Coffee, Teas, Iced Drinks, Smoothies, and a
limited selection of breakfast, soups, sandwiches, salads and wraps – with free parking and WiFi.
Location On the right side of the major one way artery to downtown and directly opposite a
huge headquarters office building. Within one block are several other office buildings,apartments, night
club, bicycle shop, etc. It has great visibility and easy in and out access. Perhaps the best location for a
coffee shop in the Denver area.
Parking 18 easily accessible spaces which are leased for $650/Mo.
Facility Approximately 2,000 Sq. Ft. First class newer equipment with all the “bells &
whistles”. Has small patio, tile flooring throughout, granite counters, appropriate computerized POS
system, professional use of lighting, over engineered newer HVAC, beautiful ADA approved rest rooms
security cameras with monitors in the office and at home, quality sound system, etc. Food and beverages
are provided on China plates and mugs. Owners report spending of about $250,000 on the space and
equipment just a few years ago.
Seating 61 Seats Could be reconfigured for more.
Financial Sales last year of about $190,000. A National Restaurant Association survey of
2006 indicates limited service restaurants in this sales category as averaging 28.8% cost of food and
beverages and 25.7% of sales for salaries and wages including benefits. It is represented that Salaries
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Support / Training provided by seller
to 9:00 PM and week-ends from 7:30 to 8:15.
Opportunities This is a terrific location and ownership has done a good job providing
high quality coffee and food, knows its customers by name, provides a cozy atmosphere,
interesting mixed furnishings, etc.. Opportunities mainly lie in the area of marketing, catering,
controlling expenses, getting a liquor license and tailoring the later period of the day for the
clientele available at that time and - for an owner willing to make the effort - there is a market
here for the time period after the bars close. Also the quality drinks and food appear to be
under-priced. The extremely favorable lease terms alone over a period of three years account
for $150,000 of the offering price.
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Description of the facilities
and wages were 30.4% and cost of goods sold was 51.2%.
Liquor License Does not have a liquor license and would likely increase sales with wine.
Should not be a problem obtaining a license in this mainly retail area.
Lease Building owners are offering a new five year lease with a five year option to
renew at $3,000/Mo. NNN which is about $18/Sq. Ft. plus NNN expenses of approximately $2.75/Sq. Ft.
A poll of comparable space in the immediate area indicates that plain vanilla has been lease or is being
marketed at $45 to $50/Sq. Ft. gross. Gross rent for 3 years at this location would total about $130,275
while rent for equal space at these other locations for a like period would total $380,700 or $150,000
more.
Hours of Operation Open 7 days a week 6:00 AM t
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