Just a quick update I was looking at some of the numbers and wanted to share them with you. About $650 daily average. Rent is 1494 payroll is about 3800 a month. with the example cash flow I was given he had an owners draw of 1000 which may be a bit low. With these numbers the coffee still took...
dant,
The lease has 4 years left. The shop just opened up last dec. I am going to speak to the owner asap to see if they would consider finaning a portion of the sale price thats a great idea
I can post the gross for this past year when I get home and have the documents in front of me. The current owner I know quite well and we have been friends for a few years now.
As far as why he is selling he and his wife both got offered VERY good jobs out of state. The shop didnt make alot of...
Hi all I am currently looking into buying a local coffee shop. It has a GREAT location a very good staff and I think I could do some wonderful things to improve profit. I have always been interested in the coffee biz and have been working on a biz plan to start my own shop for quite some time...
also if anyone cares here is the link to his web site its mediocre at best but I assure you his shop is top notch http://picassoscoffeehouse.com/index.html
Java,
No offence taken at all.... you bring up some really good points... first off I am short on time right now because my dayjobs fairly demanding last few months 60-70 hour weeks however thats not the norm and it should slow down soon. You are correct I am NOT ready to open a shop quite yet...
top I LOVE that name... I have a good name picked out myself but I wanted to use "Esspress Yourself" The name of the shop I was thinking about doing with the consultant is "Picassos Coffee House". Tradeshows are a GREAT idea do any of you know of a place I can get a local listing of tradeshows?
Dan,
Thanks for the great advice that is a very good way to look at the cost I never thought of things that way. Sadly once again I am in a bit of a rush but I do wish to make a quick post in reguards to the shop, naming, consulting.
Not only would I be getting the biz plan ( which am aware...
The main reason is he is willing to basicly hand me a prepackaged biz plan that has been proven to work. I will post more later I only have a short time to post right now. Thanks for the advice more info later
First off I have been reading this forum for quite some time and I love this site!! However this is my first post I finally have a reason to post!!!
I have been wanting to open a shop for years and I am finally getting close to a position to where I can make it happen. I visit coffee shopts...