Small Business Deal Advisors, LLC (SBDA) is pleased to announce the successful sale of Grand Rapids coffee shop, Corridor Coffee, to individual investors.
Established in 2018, Corridor Coffee has quickly become a West Side Grand Rapids favorite. In a little more than two years, Corridor has become known for a welcoming community vibe, premium coffee and espresso drinks, gluten-free offerings, ample free parking, and a cozy upstairs that is more and more frequently rented for bridal showers, baby showers, birthday gatherings, and corporate retreats.
Corridor Coffee was acquired by Katie Sargent and Alyx Schroeder.
Corridor co-founder Melissa Somero commented on the sale, “I knew from the moment I met Katie and Alyx that they were the right fit to take Corridor to the next level. They are smart, ambitious, they understand retail, and they are great with people. I look forward to seeing the shop thrive under their leadership.”
The buyers, Katie and Alyx, stated the following, "We are so excited to continue growing Corridor. Melissa and Max have given us a solid foundation to build on, we couldn’t have gotten luckier to have been given the opportunity to go on this journey with them. We hope GR loves what we have in store!"
Max Friar, co-owner of Corridor Coffee and Small Business Deal Advisors, noted the following, “This was truly an interesting experience for me as both the business owner and advisor. I got a chance to put SBDA’s buyer marketing process to the test for a business that I owned and I was very pleased with the results. I received multiple inquiries from interested buyers. Katie and Alyx really stood out as the right fit. They have the energy, drive, and vision for the shop and they are prepared to dedicate the time and effort needed to make it more successful. I wish all the best of luck!”
SBDA served as an M&A advisor to Corridor Coffee. This included providing advisory expertise and managing the preparatory, marketing, due diligence, and negotiation phases of the transaction.
Terms of the transaction were not disclosed.