Business Overview

Great opportunity to step into a thriving restaurant/bakery & more! Heavy lifting’s been done (R&D)! Sale includes: kitchen equipment, smoker, new outdoor grill, bakery, recipes, mixes. Increased sales YOY for last 10 yrs (even in Covid). Eats & Treats Café serves darn good comfort food, amazing baked goods & great BBQ! Dedicated gluten-free!

Destination eatery w/ large following of loyal customers. Bonus: Dedicated gluten free mill w/ 10 packaged dry mixes for individual sale – huge opportunity to scale this part of the business.

The stand-alone 4,000 + SF retail building has been completely updated. Main dining room plus gallery for group seating (up to 40 people). 12×16 walk-in fridge. 2 restrooms w/ 2 stalls each. Onsite parking (19 spaces). 99 person max occupancy. 2 HVAC, swamp cooler.

Financial

  • Asking Price: $1,295,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:4,039
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell companies. However, the true reason vs the one they tell you might be 2 absolutely different things. As an example, they may say "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these may just be excuses to attempt to conceal the reality of transforming demographics, increased competition, current reduction in revenues, or a variety of other factors. This is why it is extremely essential that you not depend absolutely on a vendor's word, but instead, utilize the vendor's response together with your general due diligence. This will repaint a more reasonable image of the business's current scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses borrow money in order to cover points such as inventory, payroll, accounts payable, etc. Remember that occasionally this can suggest that revenue margins are too thin. Many businesses fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that have to be met or might lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area draw in new consumers? Most times, companies have repeat consumers, which create the core of their everyday revenues. Certain elements such as brand-new competition growing up around the area, road building and construction, and also personnel turn over can influence repeat customers and negatively influence future earnings. One essential thing to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business often, the higher the chance to develop a returning consumer base. A final thought is the general location demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? How might the neighborhood mean home income effect future income prospects?