Listing ID: 72401
233,358 sqft Business Center Cafe for Sale. Closed because of Covid-19. Ready to open again. Over 2000 employees work in this one story business center. Most employees are mandated to come back to work on January, 2022. Kitchen has grill, hood, walking cooler, office, storage space and lots of space for preparation. Great space for the catering business with cafe income. Very reasonable rent and rent includes all the utility except phone and internet. Indoor and outdoor seating for the customers. Business hours are Monday to Friday 7am to 3pm. Call or text agent for more information.
- Asking Price: $50,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
The real estate is leased by the business for $1,500 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell companies. Nonetheless, the true factor vs the one they tell you may be 2 completely different things. For instance, they might state "I have too many other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may simply be reasons to attempt to conceal the reality of changing demographics, increased competition, current reduction in revenues, or an array of various other factors. This is why it is really crucial that you not rely entirely on a vendor's word, but rather, use the seller's solution together with your total due diligence. This will repaint an extra realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many companies borrow money with the purpose of covering points such as inventory, payroll, accounts payable, etc. Bear in mind that in some cases this can mean that revenue margins are too tight. Lots of organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that should be met or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract new customers? Most times, companies have repeat clients, which develop the core of their daily earnings. Certain factors such as brand-new competitors sprouting up around the location, road building and construction, and also personnel turnover can impact repeat clients and negatively affect future earnings. One important point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business regularly, the better the opportunity to construct a returning customer base. A final idea is the basic area demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? Just how might the regional median home income impact future income prospects?