Business Overview

Fully equipped café at established downtown location. Café has seating area for 45 people, cooking stations including fryer, grill, and convection oven, kitchen with walk-in cooler, and basement storage with walk-in cooler. Exciting downtown location with good foot traffic and on-street parking.
The kitchen has been used to cater up to 4,000 people. Catering equipment includes table settings for 300+ people, tablecloths, cake stands, etc. Everything you should need to cater an event.

Financial

  • Asking Price: $120,000
  • Cash Flow: $20,000
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

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:3
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

4 weeks

Purpose For Selling:

other interest

Why is the Current Owner Selling The Business?

There are all sorts of reasons people decide to sell companies. However, the real reason vs the one they say to you might be 2 completely different things. For instance, they might claim "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may just be justifications to attempt to conceal the reality of altering demographics, increased competition, recent decrease in incomes, or a variety of other reasons. This is why it is really crucial that you not rely entirely on a vendor's word, but rather, use the seller's solution in conjunction with your total due diligence. This will paint a more realistic picture of the business's present situation.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies take out loans with the purpose of covering things like stock, payroll, accounts payable, so on and so forth. Remember that in some cases this can suggest that revenue margins are too thin. Lots of companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that have to be satisfied or might result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location attract brand-new clients? Often times, operating businesses have repeat consumers, which develop the core of their day-to-day revenues. Particular aspects such as brand-new competitors sprouting up around the location, roadway building and construction, and personnel turnover can influence repeat clients and also adversely affect future incomes. One essential point to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business often, the higher the opportunity to construct a returning client base. A last idea is the general location demographics. Is the business placed in a densely populated city, or is it located on the edge of town? Exactly how might the regional typical home earnings impact future income potential?