Buy A Business

Buy A Business

Past 5 Years

Carlos-Worked as the manager

in order to have an objective for the business to succeed

Gavin- Worked as a private accountant, which will help in this business with keeping the books and dealing with other finances.

Haley- Worked as the business planner and I provide guidance and training then introduce a new product and expanding it into other markets

What Else Do We Need?

What Did We Buy?

Why?

-No loans

-GA Coffee Shop License(Food Sales License)

We bought a cafe named Espresso Theory, which is located in downtown Duluth, AT 3107 Main St C, Duluth, GA 30096

We have been there multiple times on separate occasions and as a group, and we were delighted with the service and the products sold, so we bought the business to make an attempt to make it bigger and better.

What Is It?

Buy-Sell Agreement

Taxes

-Espresso theory is a cafe located in Downtown Duluth.

-Rated a 4.8 stars by google rates.

-Recently won the title of 2nd best coffee shop in the county as voted by the people

-It is located in the perfect location so people passing by Buford Highway could stop by for a cup of coffee or a piece of our great cake.

-Offers fresh coffee, specialty drinks, box lunch, & desserts such as various cakes and pies.

The Georgia (GA) state sales tax rate is currently 4%. Depending on local municipalities, the total tax rate can be as high as 8%. Our cafe happens to pay 7% sales tax

The Property Taxes city of Duluth is responsible for billing, collecting and disbursing city property taxes.

Finances

-Approximates:

*Annual Income: $0,00

*Expenses(supplies, employees, damages, insurance, etc.):

Insurance

Certificate of Occupancy

Training?

-Admitted Commercial Package Policy: Property/Contents/Loss of Income Limits to $5,000,000 and Commercial General Liability which includes occurrence Form and Limits of $1,000,000 / $2,000,000 Occurrence / General Aggregate General Liability and $1,000,000 / $2,000,000 Occurrence (Common Cause)/

-Equipment Breakdown Included

-Data Compromise / Identity Theft Recovery Coverage available

-Broadened Property and General Liability Coverage Forms

-Employment Practices Liability available

-Discounted background check services

-Data Protection services at less than half the price of competitors

-Access to the highest level of underwriting expertise for restaurants, bars, and taverns

-Expert claim handling with in-house priority claims department and access to a specialized network of adjusters and appraisers

-Risk management and loss prevention services to help reduce the frequency and severity of claims while enhancing productivity and profits

Menu

Lease

• The business will provide each of us:
• A hands on training as a manager
• Training with deliveries and pickups for supplies
• The opportunity to meet the associates in which they work with(suppliers, big time buyers, etc.)

-The Certificate of Occupancy is a document issued from the Gwinnett County Department of Fire and Emergency Services' Community Risk Reduction Division.

-It indicates that plans have been submitted, reviewed, and approved; appropriate permits have been issued; fire inspections have been completed; and the building or tenant space and related area is free of fire code deficiencies.