Capitol Hill Coffee Shop For Sale – $80,000

coffee

Thanks to a reader for sending:

Coffee shop serving handcrafted drinks, pastries and sandwiches. Great Capitol Hill location. Owner has other interests. Confidential sale. Contact Broker, Newmark Business Brokers,

“wonder who this is? not peragrin: no sandwiches there. burbon coffee or that other one by eastern market?”

28 Comment

  • SusanRH

    Mia’s? It hasn’t been open long but that price seems about right

  • Kukki Bakemono

    Maybe Café Bliss? I know they changed ownership from Neb’s a few years back.

  • Jacob’s?

  • Just what type of real profits does a coffee shop really come up with and is it worth the hassle of the employees, stock upkeep, opening, closing, cleanup aspect of it all. Or is Starbucks and Peets the only show(s) in town? I see Compass steadily crowded but does that truly translate to being big bucks and worth the day in/day out gotta be there factor…one wonders. OR is this shop sale the first sign that the coffee shop is headed to the passe cupcake shop demise…

    • justinbc

      Coffee costs so little to make, and with the right marketing can net you $4-5 for 1 or 2 ounces. Water, bean, milk (sometimes), and flavored sugars. Keep it minimal, don’t try to go overboard with food options (even better if you just have a local baker deliver stuff fresh each day so you don’t have to prepare it and just take a cut). I’m always surprised to see a coffee shop go out of business, you basically have to try to fail (or be in a crap location with little foot traffic).

      • yeah, but you need to pay the staff, buy the equipment, keep the lights on, advertise, pay rent or property taxes, make sure people have the appropriate food handler’s licences, pay employment and sales tax, keep your business license up, manage health department inspections, hire and train staff, understand labor law, and a bunch more things.

        not everyone is up for all of that.

      • I know several people who own coffee shops and they’re a really challenging business – yes, you make ton of $$ on the coffee itself, but if all people are buying are $3-5 tickets, you have to have hundreds of customers every day just to keep the lights on. That’s why coffee shops all sell baked goods, and do lunch and/or dinner service – to try to edge that ticket price into the $8-10 range. Staffing is challenging – you need at least two people to man the coffee bar at all times, even if it’s really slow. My bet is on Mia’s. The foot traffic in that area is light, and without the option of doing private orders and catering (like the Pretzel Bakery), I’m not sure how they can survive in that location.

    • It’s not Ebs, thats owned and operated by National Community Church. (And the amount the pull in, would cost WAY more than $80k.) With profits after cost going to support aid and development projects around the world.

  • My money is on Jacob’s Coffee House at 8th and D NE.

  • SilverSpringGal

    Such a weird listing. Is that how its always done? Really shady two-line sales notices? Also whoa, I honestly didn’t think it would be that cheap. If these shops are selling for less than 6-figures, why are business owners leasing and letting themselves be run out of town by rent increases?

    • I imagine the listing is just for the business itself, not for the space it occupies.

      • SilverSpringGal

        Could you explain further what that means? The new owner would only have the license and title to the LLC + the business equipment but the property walls/building would still be held and leased from someone else?

        • justinbc

          I would imagine the lease is between the LLC and the landlord. So changing owners of the business shouldn’t have any impact on the lease, depending on how it’s written. You’re basically paying to take over the running of the current operations (and can obviously change things about the business details as you like, as long as it’s in line with current contractual obligations).

        • Yeah, you definitely can’t buy a building in Capitol Hill for $80,000. I don’t know exact statistics but my sense is that it’s become less common over time for restaurants/retail businesses in DC to actually own their buildings? Does anyone know if this is in fact the case?

    • I used to work for a niche retail store on Barrack’s Row, and when the owner tried to sell, this is exactly how it was done. (All the former employees, and customers thought it was hilarious, because there was literally no guessing as to who it was.)

  • justinbc

    Yeah for the price there’s no way it’s anything near Eastern Market. My first guess was Mia’s as well.

  • I bet it’s Mia’s. Was going to suggest Millie’s but it’s more of a deli/convenience store than a coffee shop.

  • That ad has been on CL for quite some time. Months at a minimum. It used to have a revenue for the past quarter in the ad, but I don’t remember how.

    Curiously, it also used to be listed with cross streets that switched between NE and SE as the ad was renewed. The SE location was near Cupcake Cafe, the NE location was near Mia’s.

  • I hope it’s not Mias. We love that place, though I was bummed to stop by on a Friday recently to find they were no longer doing tacos.

  • The owner, Jeff Diaz, (who rents) Mia’s Coffeehouse at 101 15th NE has variously said he plans to stay or go at various times over the last several months. A similar advertisement for a Capitol Hill coffee shop (with great Yelp! reviews) Was fairly recently running in Baltimore Craigslist for $75,000. “Owner has other interests.”. I bet Mia’s.

  • It’s Mia’s coffee shop. The owner is open that his business model is to get a shop going, then sell it when successful. This is his 3rd or 4th operation. Mia’s won’t close. It’ll do great!

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