Listing ID: 67692
Great opportunity to own this successful trendy cafe located in a heavily populated shopping center in Fairfax County. Serving breakfast, lunch and dinner with a menu consisting of mouth watering breakfast wraps to gourmet sandwiches, gyros, burgers, salads and a list of specialty platters. Not only does this cafe serve fresh meals but also has an excellent selection of coffees, smoothies, açaí bowls, ice cream, desserts as well as craft beers and wine. This location also has an app with thousands of downloads which makes ordering online extremely easy for carry out customers. All furniture, fixtures and top of the line equipment are a year old and very well maintained. This cafe is also sponsored at local high schools selling food at all sporting events. The current owner of this cafe is semi absentee and needs to sell to be at his Washington DC restaurant full time. Profitable turn key business ready for a new owner/operator.
Term: 9 years with 2/5 year options
- Asking Price: $229,000
- Cash Flow: N/A
- Gross Revenue: $730,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2021
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Recently moved to DC to operate another location.
The venture was started in 2021, making the business 1 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell companies. Nevertheless, the genuine factor vs the one they tell you may be 2 entirely different things. For instance, they might say "I have too many other obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might simply be excuses to attempt to conceal the reality of changing demographics, increased competition, recent reduction in earnings, or a variety of other factors. This is why it is very vital that you not count absolutely on a vendor's word, yet instead, utilize the seller's response together with your general due diligence. This will repaint an extra realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies borrow money in order to cover things such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can mean that revenue margins are too tight. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also 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 might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location bring in new clients? Often times, operating businesses have repeat customers, which create the core of their day-to-day profits. Particular factors such as brand-new competitors growing up around the location, road building, as well as employee turn over can affect repeat clients and also negatively impact future profits. One important point to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business often, the greater the possibility to construct a returning customer base. A final idea is the general area demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? Exactly how might the neighborhood median house earnings influence future earnings potential?