Listing ID: 75101
This restaurant is run semi-absentee because the employees have been with the establishment for a very long time and are well trained. The remodel is beautiful and the food is freshly made every day with a lot of care. Honeywell is right next door so the lunch service is super busy. They also have a wonderful reputation with the neighborhood for morning coffee. The new espresso machine is a big hit with the coffee drinkers. Shows well with the great signage and equipment it looks like a real Italian deli in the middle of Phoenix.
- Asking Price: $175,000
- Cash Flow: $72,000
- Gross Revenue: $480,000
- EBITDA: N/A
- FF&E: $150,000
- Inventory: $10,000
- Inventory Included: N/A
- Established: 2003
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
This place is a gorgeous newly remodeled excellent equipment hood system and much more equipment.
Seller will train
Husband must move back to Italy
Located right next to Honeywell huge lunch crowd.
Delivery and Catering to the many businesses in the area.
The company was established in 2003, making the business 19 years old.
The transaction doesn't include inventory valued at $10,000*, which ins't included in the asking price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell businesses. However, the real reason and the one they tell you might be 2 entirely different things. As an example, they may say "I have too many other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may just be excuses to try to conceal the reality of altering demographics, increased competition, current reduction in earnings, or an array of various other reasons. This is why it is very crucial that you not depend totally on a seller's word, but instead, make use of the vendor's solution in conjunction with your overall due diligence. This will repaint a much more practical picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Numerous companies borrow money so as to cover items like inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can indicate that revenue margins are too small. Lots of companies fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that should be fulfilled or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in brand-new customers? Often times, operating businesses have repeat consumers, which create the core of their everyday earnings. Certain factors such as brand-new competition growing up around the location, road construction, and staff turnover can influence repeat consumers as well as negatively affect future revenues. One essential point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business regularly, the better the possibility to construct a returning customer base. A last idea is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? Just how might the local median household income effect future income prospects?