Listing ID: 73610
ONLY OPEN FROM 8AM-2PM 7 DAYS PER WEEK, and currently doing approximately $23,000 per month in sales and growing. Open for dinner and increase sales.
Unfortunate health issues have prevented the current owners from operating this beautiful place to its full potential.
This is a great opportunity for a new or seasoned restauranteur to own a turn key BREAKFAST & LUNCH restaurant with approximately 125 seats and a beer and wine license. This is a great opportunity for an owner operator to buy a restaurant at a MUCH lower price then what it would cost you to build it from scratch. This would cost you over $300,000 to build.
Kitchen and dining space is huge, and really can be taken to the next level by pushing takeout and online presence. Owned and operated by husband and wife team. Three brand new AC units. Rent does not increase until October 2027.
The value in this restaurant is the buildout, the furniture, fixtures, equipment, the low lease and the time you will save from having the bureaucracy of permitting and building.
CURRENTLY OPERATING, HOWEVER THIS IS BEING SOLD AS AN “OPERATING ASSET” SALE. Keep the concept the same or Re-brand.
THIS OPPORTUNITY IS NOT FOR EVERYONE BUT FOR SOMEONE WHO UNDERSTANDS THE BUSINESS AND UNDERSTANDS WHAT IT COSTS TO BUILD ONE.
***NO FINANCIALS TO SHOW***
*** SUBMIT YOUR INFORMATION THRU THE CONTACT FORM SECTION TO THE RIGHT***
IMPORTANT NOTICE: This is an operating business being offered for sale “CONFIDENTIALLY”. Interested parties MUST fill out a Confidentiality Agreement AND a financial statement before any specific information, such as name and location of the business will be shared. NO EXCEPTIONS!
Information contained herein has been obtained from the Owner of the Property or from sources deemed reliable. We have no reason to doubt its accuracy but make no warranty or representation. All information is submitted subject to errors, omissions, changes, withdrawal without notice and any special listing conditions of the Owner.
- Asking Price: $149,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $3,000
- Inventory Included: Yes
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,834
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Fully equipped with a huge kitchen
1 week at no cost to buyer
The company was founded in 2017, making the business 5 years old.
The sale shall include inventory valued at $3,000, which is included in the requested price.
The company has 5 employees and resides in a building with approx. square footage of 4,834 sq ft.
The property is leased by the business for $4,260 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell businesses. Nonetheless, the real factor vs the one they tell you might be 2 absolutely different things. For instance, they might say "I have a lot of various commitments" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these may just be justifications to try to conceal the reality of altering demographics, increased competition, current decrease in incomes, or a range of various other factors. This is why it is really essential that you not rely entirely on a seller's word, but rather, make use of the vendor's answer combined with your total due diligence. This will repaint a much more practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Many companies take out loans so as to cover points such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can imply that profit margins are too tight. Numerous companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that must be met or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in new clients? Many times, businesses have repeat clients, which create the core of their day-to-day earnings. Specific aspects such as new competitors growing up around the area, road construction, as well as personnel turn over can influence repeat clients and negatively affect future revenues. One crucial thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business often, the higher the opportunity to construct a returning consumer base. A final thought is the basic area demographics. Is the business situated in a densely populated city, or is it located on the edge of town? Exactly how might the local average house earnings effect future income prospects?