Listing ID: 67688
Deli & cafe for sale in Reston VA. This restaurant was established in 2015 and is only opened weekdays for breakfast and lunch. The cafe currently serves gourmet sandwiches, salads and pastas as well as a breakfast menu with omelets, wraps and bakery goods. This location is in a heavily populated shopping center surrounded by retail, residential and office buildings. We are looking for a new hands on owner to either upgrade the current menu or bring your own menu to this fully built out restaurant. Great location. Owner moving out of state.
Sales: $300,000 (opened 5 days for breakfast & lunch only)
Term: 4 years plus 5 year option
Size: 1,936 sf
Seats: 40 inside / 12 outside
- Asking Price: $99,000
- Cash Flow: N/A
- Gross Revenue: $300,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
The business was founded in 2015, making the business 7 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell companies. However, the real factor and the one they tell you might be 2 totally different things. For instance, they might say "I have too many various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might just be justifications to try to conceal the reality of altering demographics, increased competition, recent reduction in incomes, or a range of various other factors. This is why it is extremely essential that you not count absolutely on a vendor's word, but rather, make use of the vendor's response along with your general due diligence. This will repaint a more sensible picture of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies borrow money in order to cover items such as stock, payroll, accounts payable, etc. Keep in mind that sometimes this can mean that revenue margins are too tight. 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 obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that should be fulfilled or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in new customers? Many times, businesses have repeat consumers, which develop the core of their daily revenues. Certain elements such as new competition sprouting up around the area, road building, and employee turn over can influence repeat consumers as well as adversely affect future earnings. One crucial point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the better the chance to construct a returning customer base. A final idea is the basic location demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? How might the neighborhood average house income effect future revenue prospects?