Business Overview

Very popular breakfast and lunch restaurant in Edmond, Oklahoma.
This popular breakfast and lunch restaurant was opened in 2015 and has become a very desirable dining option for thousands of nearby residents. With a recognizable name, well-trained staff and quality recipes, this restaurant has a ton to offer the next owner.
With revenues back at pre-Covid numbers, this restaurant continues to thrive as one of the areas most desired breakfast options. The menu offers a wide-variety of food, leaving customers engaged and loyal. Its location is convenient and surrounded by densely populated neighborhoods.
An active owner/operator would benefit from this establishments existing staff, processes and brand awareness.

Financial

  • Asking Price: $200,000
  • Cash Flow: $87,683
  • Gross Revenue: $747,500
  • EBITDA: N/A
  • FF&E: $225,000
  • Inventory: $10,000
  • Inventory Included: Yes
  • Established: 2015

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:N/A
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

other ventures

Additional Info

The venture was established in 2015, making the business 7 years old.
The deal will include inventory valued at $10,000, which is included in the requested price.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals resolve to sell companies. Nevertheless, the true factor vs the one they say to you may be 2 absolutely different things. As an example, they may say "I have a lot of other obligations" or "I am retiring". For many sellers, these factors are valid. However, for some, these may just be reasons to try to hide the reality of transforming demographics, increased competitors, current decrease in revenues, or an array of various other factors. This is why it is extremely essential that you not rely absolutely on a vendor's word, but instead, use the seller's solution together with your overall due diligence. This will repaint a more reasonable image of the business's current circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses finance loans so as to cover items like inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can suggest that earnings margins are too small. Numerous organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that need to be met or may result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location bring in new customers? Most times, businesses have repeat consumers, which form the core of their daily earnings. Specific elements such as brand-new competitors growing up around the location, roadway construction, and also staff turn over can affect repeat customers as well as adversely impact future incomes. One essential thing to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the higher the possibility to develop a returning consumer base. A final thought is the general location demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Just how might the regional average family earnings effect future earnings potential?