Listing ID: 74810
Louise’s Pantry Of Palm Desert is an American Diner that serves breakfast, lunch, and homestyle cooking. Whether your family is looking for a great place to enjoy Sunday brunch, or you all are searching for the best comfort food in town, their delicious menu is inspired by American classics that are sure to satisfy your cravings. Great central location in Palm Desert. This sale includes a Beer & Wine Liquor License.
Please call broker for more details 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 111621
- Asking Price: $49,500
- Cash Flow: N/A
- Gross Revenue: $1,215,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:5,100
- Lot Size:N/A
- Total Number of Employees:25
- Furniture, Fixtures and Equipment:N/A
Large 5,100 Sq. Ft. restaurant space.
Will train for an agreed amount of time for a smooth transition.
The venture was founded in 2015, making the business 7 years old.
The company has 25 employees and resides in a building with approx. square footage of 5,100 sq ft.
The building is leased by the company for $9,810 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell companies. However, the true reason and the one they tell you may be 2 entirely different things. As an example, they might state "I have too many various obligations" or "I am retiring". For many sellers, these factors are valid. But, for some, these might simply be excuses to try to hide the reality of changing demographics, increased competitors, recent reduction in earnings, or an array of various other factors. This is why it is very essential that you not rely absolutely on a vendor's word, yet instead, make use of the seller's solution in conjunction with your general due diligence. This will repaint an extra sensible picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous operating businesses borrow money so as to cover things like supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can suggest that earnings margins are too thin. Numerous organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that need to be satisfied or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract brand-new clients? Most times, operating businesses have repeat consumers, which develop the core of their daily profits. Certain variables such as brand-new competition sprouting up around the location, roadway construction, as well as staff turnover can affect repeat consumers as well as adversely impact future earnings. One essential point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business regularly, the higher the possibility to construct a returning consumer base. A last thought is the general location demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? Exactly how might the regional median home income effect future earnings potential?