Listing ID: 74795
Modern Cafe w/ outdoor patio located in highly desirable Summerlin. Confidential due to being well known. Excellent repeat customers visit for a delicious healthy food and beautiful patio.
Landlord is requiring financially strong tenants, please see security deposit amount needed in addition to purchase price. Contact Moe to submit an offer on this business. For a quick response to your inquiry, please contact listing agent Mounir Bousaid (RE# S.0178371; Business Broker Permit# BUSB.0006910) at firstname.lastname@example.org or call 702-321-1292
- Asking Price: $130,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,507
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 2,507 square feet with a total monthly rent of $13,382.82. Lease has two 5-year options. Hours of operation are Mon-Sat 9am – 7pm & Sun 9am-5pm.
New locations opening
The venture was established in 2020, making the business 2 years old.
The building is leased by the company for $13,382.82 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell operating businesses. Nevertheless, the real reason vs the one they say to you may be 2 entirely different things. For instance, they may state "I have too many various obligations" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may just be justifications to try to hide the reality of changing demographics, increased competition, current decrease in revenues, or a range of other factors. This is why it is really important that you not count totally on a vendor's word, but rather, make use of the vendor's solution along with your total due diligence. This will repaint a more realistic picture of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses finance loans so as to cover points such as stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that profit margins are too small. Many companies fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that must be met or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in brand-new customers? Many times, businesses have repeat customers, which create the core of their day-to-day earnings. Specific factors such as new competition sprouting up around the location, roadway construction, and employee turnover can influence repeat customers as well as negatively impact future incomes. One essential point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business regularly, the better the chance to develop a returning customer base. A last idea is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? Just how might the neighborhood median house earnings influence future income potential?