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Coffee House In Victoria For Sale

Vancouver Island, British Columbia
Asking Price:
$199,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$495,000 (CAD)
Cash Flow:
$60,000 (CAD)

Chinook Business Brokers is excite to present an outstanding opportunity to purchase an established, well run, locally branded coffee house. This Award-winning Coffee shop uses farmer-direct, single-origin, organic beans combined with in-house roasting technology to ensure consistent quality and offer the freshest, tastiest coffee possible.

The current owners recently won their second Silver medal at the North American Golden Bean competition. The café has been voted one of the 'Top 5 Coffee Houses' on Vancouver Island, and is noted as one of the "Top Five Must Visit Coffee Places" in Canada.

We are now seeking the right buyer for the flagship store near Victoria, BC so the current owners can focus on taking their patented roasting technology to market. The Vancouver Island location was the company’s first concept store, and has been in operation since 2001. The coffee house offers a complete line of specialty coffee, roasted whole beans; along with a food line-up that mirrors their high-quality coffee offerings.

Last year, top-line revenues grew 8.1% to almost $500,000, with Seller’s Discretionary Earnings close to $60,000 last year and estimated to be on track for over $100,000 in 2017.

This is an excellent opportunity for a hardworking individual or couple who wish to run a profitable company with expansion potential.

Property information

Real Estate:

Lease

Lease Rent:
$34,000 (CAD) per sq ft per annum
Location:

Fantastic location in the centre of a small community near Victoria, BC. Highly visible to both commuters and pedestrians.

Premises Details:

814 square foot retail space with an adjoining 300 square foot patio. Ample parking and an available additional 678 square foot food preparation area.

Business Operation

Expansion Potential:

Opportunities to expand include catering, artisan pizza and increased sales through marketing.

Competition / Market:

Limited local competition

Reasons for selling:

Other Business Interests

Trading hours:

Monday to Friday 7 am – 5:30 pm
Saturday 8 am – 5 pm
Sunday 8 am – 5 pm

Employees:
6 FT, 5 PT
Years established:
15

Other Information

Support & training:

The current owners will provide enough support to ensure the success of the new owners.

Furniture / Fixtures value:
$140,000 (CAD) - included in the asking price
Inventory / Stock value:
$15,000 (CAD)

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