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Cafe in Victoria's Cook St Village - Business For Sale

14/wk
230 Cook St, Victoria, British Columbia, Canada
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Asking Price$175,000
Revenue$600,000 Established2008
Cash Flow$55,000 Employees1 full, 8 part
FF&E$100,000* FranchiseYes
Inventory$5,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
[NOT BC PNP QUALIFIED]

This is the premier, flagship location in this dynamic, growing 25 store chain of Vancouver Island cafes.  It is located in the thriving Cook Street Village shopping district.  

Serious Coffee is a powerful brand on Vancouver Island.  Its strong acceptance is based on their own proprietary air roasting system resulting in superior flavoured coffees. The coffee simply tastes better!  The marketing and operational systems are constantly evolving and improving supporting the success of its inspired franchisee owner/operators
Facilities:2,000 sf in a new building. The space is bright and open. All leasehold improvements, furniture, fixtures and equipment less than 5 years old and in excellent condition.
Competition:There is a Starbucks and a local coffee operator in the same area. All three cafes are extremely busy each catering to their own clientele.
Growth Potential:The economy has bottomed out and revenue growth will track the trend back upwards. Serious Coffee is underway with several exciting new initiatives that will stimulate new business chain wide.
Training/Support:The owners have operated Serious Coffee franchises since 2003. They are knowledgeable and dedicated to success. They will be very helpful with the transitioning of new ownership. The Franchisor has a formal training program in place for new owners as well as full field support personnel.
Seller Financing:Negotiable.
Sale Reason:Corporate owned location being franchised
Ad #42784
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Contact This Seller
David Davis
Victoria Business Brokers Inc.
831-325-6373
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