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Coffeehouse For Sale

Ellijay, GA (Gilmer County)

Coffeehouse For Sale
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Asking Price: $450,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $950,000*

Established: 2014

*not included in asking price.

Coffeehouse For Sale

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Business Description

Ellijay Georgia

Established in 2014, the Ellijay Coffeehouse has quickly become a landmark in historic downtown Ellijay, Georgia.

The mission was to create a welcoming and eclectic gathering space with the highest quality coffee and small plate menu. The Coffeehouse has become a beloved meeting place for local residents as well as an oasis for the growing number of visitors seeking Ellijay’s special charm.

The Coffeehouse kitchen was designed for restaurant level use, includes a grease trap, and can accommodate 40 to 60% growth over its current use. Seating capacity is currently at 70, excluding the outdoor patios and the building’s adjoining retail space.

The owners JoAnn Antonelli and Rick Lucas have decades of creative work between them, including developing North Georgia’s first glamping business, The Martyn House. Their distinctive branding of the Ellijay Coffeehouse is the product of their combined experience and vision. As expected, the Coffeehouse revenues have increased more than 25% each year, with a 40% increase this past year.

The Martyn House In Town, at 131 North Main Street, is one of Ellijay’s prized historic buildings. The building was completely renovated and repurposed by Rick and JoAnn in 2013. The 5,800 square feet include two fully independent apartments and one studio apartment on the second floor. The first floor houses the 2000 square foot Coffeehouse, bathrooms, and retail space facing Main Street.

As of October 2018, the building has 5 streams of rental income. Each unit has its own independent systems for electricity and gas. Apartment 1 is leased until July 2022 and rents for $1250 per month. Apartment 2 is leased until May 2020 and rents for $1250 per month. The studio apartment is rented for $500 per month with no lease. The retail space is leased until October 2019 and rents for $1500 per month. The Coffeehouse pays $2000 per month.

Detailed Information

Location:
Ellijay, GA
Real Estate:
Owned
Not included in asking price
Building SF:
5,800
Employees:
-6
Facilities:
We are selling it Turnkey - selling it just as you experience it! Certified commercial kitchen w/ grease trap The building the coffeehouse is located in is 5800 sq ft. with 5 streams of revenue and is an option to purchase as well
Competition:
Our coffeehouse has a solid customer base founded in local clients. We also have an exploding increase in visitors from all over the US & the World making tourism one of our main economic growth measures. We currently are the only coffeehouse in town.of its kind in the North Georgia Mountains. Business operations are generating increased revenues each year.
Growth & Expansion:
We currently use our kitchen approximately 1-2 hours per day - we have a limited menu as a specialty coffeehouse but have the potential to do breakfasts, bakery, expanded lunches and dinners.
Support & Training:
Owners will assure a smooth transition-upon request
Reason for Selling:
owners are retiring
Business Website:
http://EllijayCoffeehouse.com
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Business Listed By:
JoAnn Antonelli

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