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#1069 Well Located Coffee Shop – $89,900

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This is long established and well patronized coffee shop and café. It’s immaculate, open and airy. Well located in high traffic area. Comes with 2 outdoor areas for customers to be out in the sun!

Ideal for an owner/operator.

Sales: Gross sales: Calendar 2019 sales were $273,000; Covid 2020 sales were $194,249

Size in sq. ft. 1,000 sq. ft. on main; plus patios. Lower basement level is rented out bringing in nearly $1,000 per month

No. of Seats: 30 plus 10 on front patio and 10 – 12 on rear patio

Number of parking stalls: To be verified

Financing: Treat as clear title

Style of cuisine: Coffee; soups and sandwiches; muffins etc.

Customer Demographics: Wide range of ages; locals; lots of regulars

Type of service: Counter

Hours of operation:
Presently open 8 am – 3 pm

Prior to Covid they had longer hours

Number of employees:  Before Covid up to 10 – mixed full-time and part-time. Presently working with 3 employees.

Leasing information:

Rate per sq. ft. $3,000 per monthly rent plus GST. This is reduced by rental income from basement level of close to $1,000.

C.A.M.  Owner pays $5,000 per year for property tax (about 40% of total building taxes)

Lease Term: Month-to-month and has been for many years

Deposit held by Lessor: Nil


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