Listing ID: 74748
The Sunshine Café is centrally located in Cathedral City close to the areas attractions. This is a favorite place for breakfast, lunch and dinner for local residents and visitors customers return year after year. They have a large diversified menu with something for every taste. Customers rave about their Pancakes, Omelet’s and great Burgers! Besides the great tasting food, the portions are large and best of all reasonably priced. The staff is friendly, fun and makes customers feel like part of the family. Inside they are two dining rooms and a breakfast counter. Beer & Wine license. Real Estate available to purchase . Please call the broker for more details on this exciting opportunity and to arrange a showing.
This information, while not guaranteed, has been obtained from sources deemed reliable. Buyer must verify the information and bear all risks for any inaccuracies. DRE #01366091 00052421
- Asking Price: $375,000
- Cash Flow: N/A
- Gross Revenue: $1,000,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2010
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
3,000 sq ft restaurant space. Real Estate available. Great corner location.
Will train for an agreed amount of time for a smooth transition.
The venture was founded in 2010, making the business 12 years old.
The business has 12 employees and resides in a building with estimated square footage of 3,000 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell operating businesses. Nonetheless, the real factor vs the one they tell you may be 2 entirely different things. As an example, they might state "I have too many other commitments" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might simply be excuses to try to conceal the reality of altering demographics, increased competitors, recent decrease in revenues, or a variety of other reasons. This is why it is extremely crucial that you not depend entirely on a seller's word, yet rather, use the seller's answer in conjunction with your general due diligence. This will repaint a more practical image of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses take out loans in order to cover points such as inventory, payroll, accounts payable, etc. Remember that sometimes this can mean that profit margins are too small. Lots of businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also 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 fulfilled or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract brand-new clients? Often times, businesses have repeat clients, which create the core of their day-to-day revenues. Certain aspects such as brand-new competition sprouting up around the location, road building and construction, as well as personnel turnover can affect repeat clients and negatively affect future profits. One essential thing to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business on a regular basis, the better the chance to build a returning consumer base. A last thought is the general location demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? How might the neighborhood average home earnings impact future revenue potential?