Business Overview

Café in Prime Historic Charleston location with below market lease!
Small café in Charleston’s historic district with monthly rent under $3500! Sidewalk dining permit allows outdoor seating and Beer/Wine/Liquor license in place. Well established with excellent financial records and documented cash flow. Location will support Breakfast, Lunch and dinner day parts. Business has excellent social media presence and streamlined web ordering/reservation system. Operate existing business with seller training and easily incorporate your own ideas to an already proven business, or bring your own concept. Contact Tim Hagar for qualification and additional details.

Financial

  • Asking Price: $384,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $7,500
  • Inventory Included: N/A
  • Established: 2011

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,000
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Historic Charleston Retail

Is Support & Training Included:

Seller will train if taking over existing operation

Purpose For Selling:

retirement

Additional Info

The business was established in 2011, making the business 11 years old.
The sale doesn't include inventory valued at $7,500*, which ins't included in the asking price.

The company has 4 employees and resides in a building with estimated square footage of 1,000 sq ft.
The real estate is leased by the company for $3,525 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals resolve to sell companies. However, the genuine factor and the one they tell you might be 2 entirely different things. For instance, they might state "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may simply be justifications to attempt to hide the reality of altering demographics, increased competitors, current reduction in earnings, or a variety of various other factors. This is why it is extremely crucial that you not depend totally on a seller's word, but instead, use the seller's answer combined with your general due diligence. This will paint an extra realistic image of the business's present scenario.

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 offer. Numerous operating businesses borrow money so as to cover things such as supplies, payroll, accounts payable, and so on. Keep in mind that occasionally this can indicate that profit margins are too thin. Many businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that should be satisfied or might lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location bring in brand-new consumers? Many times, companies have repeat clients, which develop the core of their daily revenues. Particular elements such as brand-new competitors sprouting up around the location, road building and construction, and also staff turn over can influence repeat customers and also negatively affect future earnings. One crucial thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business regularly, the greater the possibility to develop a returning consumer base. A last idea is the general location demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? How might the neighborhood typical family income influence future earnings potential?