Business Overview

Predominant Highly Profitable Restaurant
Breakfast / Lunch Concept
Eastern Virginia

Well established, hugely profitable and located in prime retail space on a major route with high traffic counts. The restaurant serves a full line of delicious breakfast and lunch items including pancakes, waffles, crepes, French toast, scramblers, omelets and benedicts, as well as scrumptious sandwiches, burgers, melts, wraps, croissants, clubs, salads and more. In addition to gourmet coffee and fresh juices, the business includes an on and off premise liquor license. Strategically positioned geographically, the business has a strong reputation and great image in the community they serve. Substantial opportunity for increased revenues via expansion of hours and covered outdoor dining.

Tremendous attention to detail is the catalyst to exceptional financial bottom-line results even during the pandemic. The fully equipped professional kitchen equipment is in excellent condition and well maintained. Management and experienced staff are in place. Comprehensive analytics software with online ordering and marketing. To go orders and retail merchandise increase bottom line profits.

The business has a strong online presence with significant Facebook and Instagram following. Local favorite. Staple in the community. Area gem. Ideal neighborhood location. Very popular. Tons of regulars. Great access and parking. Always busy. Strong Brand name. Reason for sale is retirement.

For an experienced restaurateur, this is a great strategic acquisition opportunity to immediately purchase a predominant established business to capitalize on its long-term goodwill, reputation and client base. Upon proper qualification of the potential acquirer, including the customary exchange of financial information and confidentiality agreements, a detailed Confidential Prospectus will be provided. All inquiries will be held in strictest confidence.

Purchase Price: $3,250,000
Gross Revenues: $2,681,544
SDCF: $853,244
FF&E: $425,000 (included in asking price)
Inventory: $75,000 (included in asking price)

Financial

  • Asking Price: $3,250,000
  • Cash Flow: $853,244
  • Gross Revenue: $2,681,544
  • EBITDA: N/A
  • FF&E: $425,000
  • Inventory: $75,000
  • Inventory Included: Yes
  • Established: N/A
Purpose For Selling:

Retirement

Additional Info

The sale shall include inventory valued at $75,000, which is included in the listing price.

The real estate is leased by the business for $0.00

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals decide to sell operating businesses. However, the true reason and the one they say to you may be 2 completely different things. For instance, they might state "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might simply be justifications to try to conceal the reality of altering demographics, increased competition, recent reduction in profits, or a variety of other factors. This is why it is really crucial that you not count completely on a vendor's word, yet instead, make use of the seller's response together with your general due diligence. This will repaint a more sensible image of the business's present scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies borrow money with the purpose of covering items like stock, payroll, accounts payable, so on and so forth. Remember that sometimes this can imply that profit margins are too small. Numerous organisations come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that have to be fulfilled or may result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location draw in new clients? Many times, operating businesses have repeat consumers, which create the core of their day-to-day earnings. Particular elements such as new competition sprouting up around the location, roadway construction, and also employee turn over can influence repeat customers as well as adversely affect future earnings. One vital point to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business regularly, the better the chance to construct a returning consumer base. A last idea is the general location demographics. Is the business placed in a densely inhabited city, or is it located on the edge of town? Exactly how might the local average home income influence future earnings prospects?