Absentee Owner Coffee shop with Busy Street In Glendale - Business for Sale
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Absentee-Run Coffee Shop in Glendale, CA
Glendale, CA, US
Added 3 months ago
Coffee Shop
26 years in business
Absentee / Semi-Absentee
An absentee-run coffee shop located on a busy street in Glendale, CA, operating from a corner unit in a small shopping center and serving both residential and street traffic.
Key Information
Asking
$450K
Revenue
$684K
Earnings
$140K
Multiple
3.2x
Key Highlights
- Located in Glendale, CA
- Business has been established for 26 years
- Monthly gross sales are $57,000
- Monthly net income is $11,665
- Monthly rent is $5,700 plus $575 NNN, with 3% annual increase and a 5 + 5-year lease term
- Cost of goods sold is approximately 22%
- Business is absentee-run with 8 employees
- Operating hours are 8:30 AM to 10:00 PM daily
Contact Info
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