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Iconic West Michigan Coffee Shop

Otsego, MI
Front
Asking Price:$375,000
Gross Revenue:$265,000
Real Estate:$300,000
Cash Flow:$30,000
EBITDA:$30,000
Established Year:2016
Listing ID: 2210978Listing provided by BizBuySell
BUSINESS DESCRIPTION

Own an iconic coffee house/bakery in the heart of downtown Otsego. Real estate is included, with a new chimney, 2023; roof, 2022; A/C unit, 2023; and kitchen expansion, 2020. Commercial tenant pays $1,200/month. Ample free parking nearby, and great exposure on M-89 with over 15,000 cars/day. Grow the existing business by expanding the menu, catering, more indoor & outdoor seating, and events. Sale includes furniture, fixtures, equipment, retail beer & wine license, recipes, name, and all branding. Building and business available separately; owner would consider financing the right operator, depending on experience, credit, and terms.

DETAILED INFORMATION
Location
Otsego, MI
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
3,388
Employees
3
Facilities
Sale includes two attached buildings, each with its own storefront. Coffee shop occupies all of one side and a portion of the other. There is a tenant paying $1,000/month.
Competition
This is the only destination coffee shop in the market.
Growth & Expansion
Expand the existing business with a new menu, catering, more indoor & outdoor seating, and events. Or start something new: sandwich shop, specialty foods, deli, etc.
Support & Training
Seller will assist with training a new owner.
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Rob
Peterson
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Rob Peterson
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