Listing ID: 75105
“MUST SEE!! Breakfast & lunch operation Only! Excellent location, cafe sandwich shop located on the ground floor of two upscale office buildings near downtown Phoenix and within walking distance of resort hotel. The menu includes gourmet sandwiches, daily specials, soups, salads, smoothies, and specialty coffee drinks. Open 5 days a week, 7 AM-2 PM, no weekends. Easy to operate and ideal for family-run. Kitchen is newly equipped, new floor, new dining furniture, new venting hood, refrigerator, freezer, espresso machine, and new POS system.”
- Asking Price: $95,000
- Cash Flow: $72,000
- Gross Revenue: $210,000
- EBITDA: N/A
- FF&E: $75,000
- Inventory: $3,000
- Inventory Included: N/A
- Established: 2000
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Great parking and street exposure in a high-end area and so is the building. The restaurant is loaded with equipment so extending the menu would increase sales.
Training will be provided.
Seller is motivated due to health problems will look at all offers.
New owners can increase the menu and add delivery and catering.
The business was founded in 2000, making the business 22 years old.
The deal shall not include inventory valued at $3,000*, which ins't included in the asking price.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell companies. Nonetheless, the genuine reason and the one they tell you may be 2 totally different things. For instance, they may say "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might just be justifications to try to conceal the reality of changing demographics, increased competition, recent reduction in revenues, or an array of other reasons. This is why it is extremely crucial that you not depend entirely on a vendor's word, but rather, make use of the seller's answer along with your overall due diligence. This will repaint an extra realistic picture of the business's present situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses finance loans in order to cover things like supplies, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that profit margins are too tight. Lots of organisations fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that need to be fulfilled or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in brand-new clients? Often times, companies have repeat customers, which develop the core of their day-to-day earnings. Certain aspects such as new competitors growing up around the location, roadway building and construction, and employee turn over can affect repeat clients and also adversely influence future revenues. One important point to think about is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business often, the higher the possibility to construct a returning consumer base. A last idea is the general area demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? Just how might the local typical family income impact future revenue potential?