Culinary gathering spot in breathtaking Coeur D’ Alene, Idaho

Coeur d'Alene, ID

Seller Financing Available

Street view of the shopping district
Asking Price:$1,250,000
Inventory:$115,000
FF&E:$175,000
Gross Revenue:$1,282,000
Rent:$12,000/Month
Established Year:2013
BUSINESS DESCRIPTION

Become an integral part of a vibrant community.

A true culinary destination in beautiful Coeur D’ Alene, we showcase cooking classes, wine tastings, a full service deli and catering, music nights on our expansive patio, specialty foods, kitchen essentials and Holiday needs in a warm, welcoming environment.

A well-established specialty full culinary store with a prominent reputation for unique experiences, including cooking classes, live music, food and wine events. This business is known for its locally produced coffee and pastries, specialty sandwiches, seasonal soups and salads. Located in the Riverstone neighborhood of Coeur d’Alene, there are over 750 homes in the surrounding area to service their kitchen and home needs. Within walking distance of the Spokane River and less than a 10-minute drive to downtown Coeur d’Alene, this business is in a prime location to attract visiting tourists passing through town.

Well established specialty kitchen store with a prominent reputation for unique experiences, including cooking classes, live music, food and wine events.
Known for locally produced coffee and pastries, specialty sandwiches, seasonal soups and salads.
Located in the Riverstone Neighborhood of Coeur d’Alene with over 750 homes in the surrounding area, not including condos or apartments.
Within walking distance of the Spokane River.
Less than 10 minute drive to Downtown Coeur d’Alene and Sherman Ave.

About Our Customer:
The central location of this business allows for the opportunity to reach local customers and visiting tourists. Nestled in the Riverstone Village, residents and surrounding businesses frequent the establishment for morning coffee, lunch or happy hour drinks with friends. Customers travel great distances to shop at this specialty store, including the greater Spokane area.
Central location allows opportunity to reach local customers and visiting tourists.
Regulars frequent our location for morning coffee, lunch or happy hour drinks with friends.
Customers travel great distances to shop at our store, including greater Spokane area.
About Our Business Model:
We operate a hybrid business model with five high-functioning entities working together as one recognizable brand, including: kitchen store, food service, wine with wine club program, cooking classes, and events. The Point of Sale system is up-to-date with accurate inventory records and efficient processing procedures.

We operate a hybrid business model with 5 high-functioning entities working together as one recognizable brand:
Kitchen Store
Food Service: Coffee, Pastries, Sandwiches, Soups, Salads
Wine, Wine Club Program
Cooking Classes
Events

Our Specialties:
Our retail store features 5,500 square feet of shopping:
Small kitchen appliances
Gourmet food items
Local products from food and retail vendors throughout the Pacific Northwest
Lifestyle inventory with gifts, home décor, tableware and linens
Cookware, cutlery, and kitchen gadgets
A community table to nourish our loyal neighbors, customers and visiting guests
Coffee and local pastries
Made-to-order specialty sandwiches and salads
Freshly sliced premium meat
Quality cheese
Custom charcuterie plates and boards to-go
Craft beer, wine by the glass, wine cocktails and flights, N/A drinks
Relationship with food delivery programs, like DoorDash
Experience with catering events
Robust selection of domestic and international wines
Growing wine club program with active members, monthly events and tastings
Cooking classes with dedicated, professional chefs regularly scheduled to teach classes every month - demonstration, partial hands-on and hands-on
Kitchen space and seating area for up to 25 guests to attend class
Welcoming event space for private parties
Expansive outdoor patio with working fireplace for large gatherings, live music, and dinner events.

An opportunity to step into a well established, beloved, culturally significant part of a delightful community.


DETAILED INFORMATION
Location
Coeur d'Alene, ID
Inventory
Included in asking price
Real Estate
Leased
Building SF
6,500
Lease Expiration
24/11/2024
Employees
18
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Newly installed POS system. Full kitchen with surrounding classroom setting and tables. Outdoor patio with tables, umbrellas and fireplace. Impressive decor, creative tables and racking/shelving for merchandising. Well equipped deli for food prep, coolers for merchandising and espresso machine. Indoor seating for dining. Back room office and back room space for excess inventory.
Competition
As we are uniquely positioned in offering cooking classes, wine tastings, prepared meals and catering, live music on a comfortable patio and offering wine, specialty foods and kitchen essentials, we are well positioned for insulation from direct competition. We also offer massive opportunity for whitespace growth, inclusive of online shopping, expanded catering and online meal delivery , expansion of the wine club and through merchandising private label specialty foods unique to the store.
Growth & Expansion
White space, as mentioned above, to include online shopping, expansion of prepared meals for catering, particularly in summer months as boats pass by to the lake. Expansion of the wine club and expansion of online food delivery through door dash and other vehicles can definitely grow top line. Because we cross merchandise across a number of culinary related categories, opportunities for white space growth are substantial.
Financing
Depending on offer and credit worthiness
Support & Training
Our existing team is well trained to offer seamless execution and bench strength. For transition purposes, we will certainly train the next proprietor on POS system, make necessary introductions to distributor relationships and assist with integration into the community. We will also assist with lease extension with the landlord, which is available in current lease.
Reason for Selling
Appropriate time for retirement and eager to see the next generation carry the t

BUSINESS LOCATION
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Wendi Pennington
Wendi Pennington