Exceptional Franchised Coffee House

Category: Food and Beverage
City: Victoria
State: BC
Full Price: $650,000
Down Payment: $650,000
Annual Gross Sales: $970,000
Adjusted Annual Profit: $130,000
Status: Sold

Additional Features:

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.

Do you want more information about this opportunity?

The Seller knows that to sell the business he will have to share information with the Prospective Buyer that otherwise he would prefer kept away from both the public and the other stakeholders such as employees, suppliers or customers. Because of this, we insist that any confidential information is only shared with prospective purchasers who are genuinely interested in procuring a business. To maintain the level of confidentiality necessary to complete a transaction of this nature we require that prospective buyers complete a non-disclosure agreement. By clicking agree below, you, the prospective purchaser, agree not to share anything you learn about the business with anybody other than your lawyer, accountant or other professional advisors; and you also warrant that these people will also be bound by this agreement.

You also agree that you will not approach the business owner, staff or management without the express consent of the Broker. You understand that you, the Prospective Buyer, will be held accountable for any damages to the Seller arising from the disclosure of information to any other party contrary to the agreement.

If you prefer not to complete the webform below, we understand, and ask that you download, complete, sign and forward the completed PDF document to info@chinookbusinessbrokers.ca or fax to 888-812-4109 attention Keith MacKenzie.

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