$140,000 NET Absentee Run Tempe Coffee Shop For Sale

Description

Turnkey franchise coffee shop and cafe in a great Tempe location near ASU with heavy traffic and surrounding corporate tenants. Specializes in coffee and desserts. Franchise fee is 5 percent of gross sales, and all franchise transfer fees are included in the price. The business is currently run absentee, with the owner spending less than 10 hours per week at the location. Staff includes one full time manager and five part time employees. The cafe has 125,000 dollars worth of furniture, fixtures, and equipment in a suite of over 2,000 square feet. The lease is 7,190 dollars per month with three years remaining and a five year option. The seller is offering financing terms of 350,000 dollars down and 100,000 dollars over three years at 6.5 percent. This opportunity will go quickly due to the location, lease, and price.