UPSCALE COFFEE SHOP AND CAFE REPLACING STARBUCKS
Seller:
Attn:
Kirk or Randi Edwards
Location:
Seattle, WA, USA
Listing Number:
"hfngCoco"
Overview:
This is an amazing opportunity to reopen and re-brand an existing Starbucks location (Northgate Mall) through a unique franchise opportunity. The look and feel of this franchised cafe is very similar to Starbucks and it serves Seattle's Best Coffee (a Starbucks Brand). This is a tremendous edge over a start up operation. Coco Moka Cafe is a unique cafe that provides a creative store design with a strikingly colorful presentation of gourmet foods and confectionery products. Their offerings are unique to today's retailer; including gourmet soups, fresh creative salads, signature sandwiches, Seattle's Best Coffee and espresso drinks, fruit smoothies, outrageous deserts and pastries, and ice cream and homemade fudge. The concept is designed to be different from other cafe stores - more attractive and dramatic in design, with greater attention to creating comfortable shopping atmosphere and a wider variety of product offerings. The typical cost of opening a store like this is around $350,000 and by leveraging the existing Starbucks location the Buyer can save about half the cost or more. The franchise fee is 7% and the Franchiser provides all the training necessary to become a successful franchisee. Do not let this outstanding and rare opportunity pass you by.
Property Features and Assets:
This location in the Northgate Mall is currently being occupied by Starbucks Coffee. They will vacate on 12/31/2008. It is an outstanding location with high visibility and high traffic. The proposed Lease being worked out by the Franchiser is for monthly rent of $4,671 plus NNN charges of $1,125 for 1,500 square feet. The Lease is for 10 years with two 5 year options.
Market Competition and Expansion:
This location is one of the best locations in the Northgate Mall and is currently operated by Starbucks Coffee. There is virtually no other competition in the immediate area of the Mall, in addition, Coco Moka Cafe will be adding many additional products and services to attract passerby’s. There is unlimited growth here - the Starbucks in currently doing about $650,000 in gross annual revenues in this location. With the addition of many more products and the variety of products offered by Coco Moka Cafe the revenues are sure to increase dramatically.
Additional Details:
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