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SOLD – World Traveler Coffee Roasters

By in Northern California with 0 Comments

JUST SOLD
WORLD TRAVELERS COFFEE ROASTERS

Two locations – Roseville & Folsom

The transaction was completed by Keith Simpson of Restaurant Realty!

RRC Agent Keith Simpson closed escrow on TWO coffee cafes – the first in Roseville and a second in Folsom. After initially listing these 2 properties back in March, who could foresee the Covid-19 pandemic and closure of virtually all restaurants in California. The Seller was heartbroken that her successful business would close. Amazingly a qualified buyer was secured and in contract to purchase just 20 days after RRC listed it for sale and at a full all cash offer! The buyer has a passion for excellent coffee and quality pastries and has grand ideas to expand and market their coffee to supermarkets and local restaurants. We wish all involved wonderful good luck and good energy!

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WTC

Listing not one but two coffee shops for sale in March 2020 would seem like just a normal day for Keith Simpson of Restaurant Realty in Commercial Restaurant sales. But just 10 days later who could foresee the Covid-19 pandemic and the closure of virtually all restaurants in California. The Seller was heartbroken that her successful coffee business would have to close and probably not sell in the short term. World Traveler Coffee Roasters produces a quality coffee product in two locations. One in Roseville on Douglas Blvd, which also roasts the fresh coffee beans, provides the café and off sale for customers while supplying the second shop in Folsom on E. Bidwell St with the roasted beans. In return, the Folsom shop provides home made pastries and cakes for Roseville. Amazingly a qualified buyer was secured and in contract to purchase just 20 days after RRC listed for sale and at a full price all cash offer of $400,000. The buyer has the passion for excellent coffee and quality pastries and has grand ideas to expand and market their coffee to supermarkets and local restaurants.

Escrow closed just 10 weeks after listing the business for sale. Remember the name World Traveler Coffee Roasters!

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