Listing ID: 73555
Established Breakfast and Lunch Restaurant 14 years in business. This Profitable, Modern and Upscale breakfast, lunch and catering business has had the same owner since it was established in 2007 (14 Years in Business). Located in a very Busy strip center the restaurant is a place where the local community can catch up with family, friends and neighbors over a breakfast, brunch, and lunch truly a neighborhood go-to restaurant.
The menu features feel-good favorites ranging from hot-from-the-griddle pancakes to signature omelets to piled-high breakfast sandwiches. Their lunch menu has a variety of Burgers, Wraps, Sandwiches, Salads, and Desert options. All offerings are quick and easy to prepare. The restaurant has Great Comfortable décor, extremely clean, bright and well maintained.
Easy restaurant to run open only 6 Days per week Mon-Friday 7:00am -2:30, Sat & Sun 7:00am-3:00 Closed on Tuesdays. Due to the Limited hours of operation the restaurant only requires 1 shift of employees. No Late hours done by 2:30 in the afternoon ! No Alcohol ! Staff consists of 3 FT Kitchen, 7 PT Servers and 2 FT Owners.
3 Year Average Annual Sales $591,284
Great Business ! Limited Hours Allow for a Great Work Life Balance !!!
Great Well Maintained Equipment ! Clean and Spotless !
Priced Right !!!
- Asking Price: $239,900
- Cash Flow: N/A
- Gross Revenue: $591,284
- EBITDA: N/A
- FF&E: N/A
- Inventory: $4,000
- Inventory Included: N/A
- Established: 2007
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,400
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Located in a Busy Strip Center densely populated area. The restaurant is 2,400 sq. ft. bright friendly décor. Seating Capacity Inside 86, Outside Patio 25. Equipment is in great shape well maintained. Lease Expires 12/31/2026 and Has Two (2) Additional Five (5) Year Options to Renew. Options can extend the lease to 2036.
Seller to provide training to ensure a smooth transition to a new owner.
Limited in the immediate area.
The company was started in 2007, making the business 15 years old.
The transaction won't include inventory valued at $4,000*, which ins't included in the asking price.
The business has 5 FT 7 PT employees and is located in a building with approx. square footage of 2,400 sq ft.
The real estate is leased by the business for $6,467 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell companies. However, the real factor vs the one they say to you might be 2 totally different things. For instance, they may say "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might just be excuses to try to conceal the reality of transforming demographics, increased competitors, recent decrease in revenues, or a variety of various other reasons. This is why it is really crucial that you not depend completely on a seller's word, but instead, use the vendor's solution along with your total due diligence. This will paint an extra reasonable picture of the business's present situation.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses take out loans so as to cover points such as supplies, payroll, accounts payable, etc. Remember that occasionally this can suggest that revenue margins are too thin. Numerous organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that need to be fulfilled or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location attract brand-new consumers? Most times, businesses have repeat clients, which create the core of their daily profits. Certain factors such as new competition sprouting up around the area, road building, and employee turnover can affect repeat clients and also adversely impact future profits. One essential thing to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business regularly, the higher the opportunity to construct a returning customer base. A final thought is the general location demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? Exactly how might the neighborhood typical family income effect future revenue potential?