Outstanding opportunity to own a premiere franchised coffee shop in Victoria.
Chinook Business Brokers is proud to present an excellent opportunity to invest in one of the most respected coffee houses and purveyors of fresh food in Western Canada. The business is situated in a premium location in one of Victoria’s most prestigious shopping malls. The mall sees traffic of more than 19,000 people per day with expectations of a significant increase when a new anchor tenant arrives later this year.
Although the coffee house has only been in operation for a little more than three years, the business has demonstrated impressive growth. Annual revenues increased by 12% from 2014 to 2015, with 2015 turnover exceeding $970,000. Sales have continued to increase in 2016 with full year revenue projections estimated to be approximately 1.1 million. Seller’s Discretionary earnings for 2015 were over $130,000 and are projected to increase by another 10% in 2016.
The franchisor gives their franchisees some of the best mentorship and support in the industry. Their support begins with an intensive six-week training program held at their head office or in a designated training store. The initial training is followed up by ongoing support in business operations, sales and marketing and food service operations. The franchisor requires that any applicant have at least 50% of the purchase price as unencumbered cash.
The Victoria franchise is recognized as one of the top stores in the chain. A new store of this size would require an investment of more than $550,000. So with an asking price of only $650,000, purchasing this store represents a tremendous opportunity to capitalize on the current owner’s hard work and the ability to generate a positive cash flow immediately.