Business Overview

Well established Family Breakfast and Lunch Restaurant that has been in operation for over 23 years. 85% of the staff has been there over 15 years. Absentee Ownership Opportunity with real estate attached in a high growth area of Tarrant County. Real Homestyle cooking with many items made from scratch from Gravy to pies. Weekend traffic is standing room only with a 20 to 30 minute wait for 4-5 hours each day. Well trained employees in all areas of the operation.

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They opened in June of 1995. The owner’s family has been in the restaurant business for over 50 years with multiple restaurant ventures and many of them are still in existence today. Quality service, fresh ingredients and the family atmosphere has set this restaurant apart from all the other with a track record of success.
Independent Breakfast and Lunch style restaurants are one of the fastest growing segments in the industry. This restaurant is the one all the others in the area compare themselves against and it is what the competition wants to be. They are one of the few that serve breakfast all day.

Financial

  • Asking Price: $399,000
  • Cash Flow: $1,331
  • Gross Revenue: $923,387
  • EBITDA: N/A
  • FF&E: $80,000
  • Inventory: $20,000
  • Inventory Included: Yes
  • Established: 1995

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:15
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

4 weeks

Purpose For Selling:

retirement

Additional Info

The business was established in 1995, making the business 27 years old.
The deal shall include inventory valued at $20,000, which is included in the requested price.

Why is the Current Owner Selling The Business?

There are all types of reasons why people choose to sell businesses. Nonetheless, the true reason and the one they tell you might be 2 absolutely different things. For instance, they might say "I have too many other responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may simply be reasons to attempt to conceal the reality of transforming demographics, increased competition, current reduction in incomes, or a range of other reasons. This is why it is very vital that you not rely absolutely on a seller's word, yet instead, utilize the vendor's solution along with your general due diligence. This will paint a more reasonable image of the business's current scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Many businesses borrow money with the purpose of covering things such as supplies, payroll, accounts payable, and so on. Remember that sometimes this can mean that profit margins are too thin. Numerous organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. 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 satisfied or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area bring in brand-new customers? Many times, businesses have repeat consumers, which develop the core of their everyday profits. Particular factors such as new competitors sprouting up around the area, roadway building, and also staff turnover can impact repeat consumers and also adversely influence future earnings. One essential point to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business on a regular basis, the higher the opportunity to develop a returning customer base. A final thought is the general location demographics. Is the business placed in a densely inhabited city, or is it located on the outside border of town? How might the neighborhood mean household income influence future income prospects?