The entire company is comprised of importing, wholesale, retail, proprietary products, retail customers, and a Bay Area office coffee service (“OCS”).
The business is engaged in the importation from Europe of highly-sophisticated, “state-of-the-art,” fully-automated, computerized gourmet beverage bars offering a wide range of product, from simple coffee, to the most complex espresso, cappuccino, latte, chai, and tea, to cold juices. The importation contract is exclusive for most of the United States, and the customers range from other office coffee services to retail customers to bulk wholesale re-sellers, nationwide.
In addition to the equipment, the company packages and retails exclusive, proprietary, private-labeled products—coffee, teas, condiments, supplies, etc.—that it wholesales as well, nationwide.
The company also operates a complete Office Coffee Service (“OCS”) business that provides superior service throughout the San Francisco Bay Area. Current and potential customers include business and professional offices, residential living facilities, retirement centers, restaurants, concessions, catering events, medical facilities, day spas and salons, waiting rooms and reception areas, vending outlets, convenience stores, and more. Convenient rental and leasing programs are in place to facilitate equipment sales and recurring monthly revenue.
The company delivers ingredients and service products to its scores of diversified customers on both a regularly-scheduled and as-needed basis. This is not a “route business”—the company has found that delivery via UPS and FedEx is far more efficient and cost effective. Products include the typical generic ingredients and their own privately-branded specialty items.
This business opportunity offers a diverse and extensive long-term customer base, solid repeat sales, an excellent reputation and service record, and sizeable gross and net profits.
The business currently operates from an office-warehouse facility in the East Bay. It employees three full-time employees (including the owner), and a ¾-time office administrator. For growth and investment purposes, the company can easily be expanded to the OCS market in other metropolitan areas throughout California and the United States, thus employing additional employees
The company recognizes that it has developed an operational system, a marketing plan, and a product offering that can be scaled very effectively and very profitably, with a nationwide market potential, through aggressive marketing and service activity in key metropolitan areas throughout the country.
This business is ideal for the sole proprietor entrepreneur looking for a turn-key, semi-absentee-owned venture. It is also a perfect match for the existing company in this market sector interested in a roll-up acquisition, taking advantage of the economies of scale for even better performance than experienced by the business to date.
Financial information for 2016 appears in the accompanying file. The estimated Seller’s Discretionary Earnings (“SDE”) are calculated, subject to buyer’s verification. Upon discussion with the seller, a serious buyer will be provided all financial statements for the past several years, and, during due diligence, will have full access to all tax and bank records as well.
The current owner (& founder) will be very open to negotiating an extensive period for training and transition. Furthermore, he would be very open to staying on long-term in a management/operational position, even to the extent of allowing the purchaser to operate the business on a mostly absentee basis.
The Transaction: The asking price for the business is $795,000 (Approximately 3x 2016 SDE, 2x projected 2017 SDE, and 83% 2016 gross sales.) This is for the entire business—importing, wholesale, retail, proprietary products, retail customers, and including all related assets and equipment, supply contracts and relationships, customer contracts, database, intellectual property. It does not include cash, accounts payable, or accounts receivable. Inventory is extra at actual cost.
For a serious buyer with a cash offer, the seller will be open to reasonable negotiation of the asking price in return for an expedited transaction and/or a long-term employment relationship. Some seller financing may be available to a qualified buyer with sufficient collateral.——
Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.
This is a listing.
DISCLAIMER & NOTICE: The User (that's you reading this) of this Website understands that Timothy Cunha, J.D. ("Broker"), his agent(s), and EvergreenGold do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA. In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business. Owning a business is a risky venture, but can also be a rewarding one. The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings. Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.
The information contained in this offering profile was provided by the Seller and is believed to be accurate. Broker has not verified the information and therefore makes no representations or warrantees as to its accuracy or completeness. This profile is subject to the Confidentiality Agreement and Disclaimer as agreed to and acknowledge by the Buyer. Please note: typically (1) Sq. ft. is estimated, and (2) Annual Payroll is last year's and does not include any owner wages.
THE PROSPECTIVE BUYER OR LESSEE SHOULD CAREFULLY AND INDEPENDENTLY VERIFY TO THEIR SATISFACTION EACH ITEM OF INCOME, EXPENSE, AND ASSET, AND ALL OTHER INFORMATION CONTAINED HEREIN. The information contained herein and contained in any supplemental documents has been furnished by sources believed to be reliable. While we intend to provide accurate information, no warranty or guarantee, either expressed or implied, is made as to any information provided on this property, business, and/or franchise. Any information concerning the sale of a business has been provided by the Seller, Buyer, or some other third party to the Broker. Broker and Broker’s agents have not and do not verify the accuracy, veracity, or completeness of this information, and the recipient of this information is advised to conduct its own independent due diligence investigation as to accuracy, veracity, and completeness. The Broker and Broker’s agents are not responsible for misstatements of facts, errors, omissions, prior sale, change of price, or withdrawal from the market. We do not accept liability for any errors, omissions, corruption, or virus in the contents of this message or any attachments that arise as a result of email transmission.
AGENCY & REPRESENTATION DISCLOSURE: The Broker, whether acting as a listing broker or potential selling broker, hereby discloses that Broker is acting solely as agent for the seller in the marketing, negotiation, and sale (or lease) of the property, business, and/or franchise. Unless there is a clear, precise, explicit written agreement to the contrary, the Broker does not represent and is not acting as an agent for any prospective buyer(s). This disclosure covers the Broker, any agent operating under the Broker’s license, and any employee or independent contractor of the Broker.
RESTRICTION ON BUYERS: In no event shall a prospective buyer visit the property and/or communicate with the owner/seller or employees of the property, business, or franchise via phone, fax, email, postal mail, or any other means outside the presence of the Broker or Broker’s agent. All information provided about any business is CONFIDENTIAL and PROPRIETARY, and not for further disclosure except in accordance with a signed Non-Disclosure Agreement (“NDA”).
ADVICE & COUNSEL: Neither the broker nor any agent operating under the Broker’s license, nor any employee or independent contractor of the Broker is acting as an attorney, accountant, or tax/financial advisor, and no communication from them should be considered as legal, accounting, or tax/financial advice.