Listing ID: 76046
MOTIVATED SELLERS RETIRING! A Village Staple with an Amazing Reputation for Quality! A Complete Turnkey Italian Deli/Cafe with catering, whose mission is to provide customers with Authentic Italian Cuisine, prepared with the best, freshest, tastiest, and authentic ingredients. Potential for great growth by adding dinner and a beer/wine license. The staff in place is experienced, knowledgeable and dependable. For additional information please contact listing agent Thomas Vondell at 845-389-2599 or firstname.lastname@example.org.
- Asking Price: $295,000
- Cash Flow: $97,018
- Gross Revenue: $555,645
- EBITDA: N/A
- FF&E: $53,951
- Inventory: $7,000
- Inventory Included: Yes
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,600
- Lot Size:N/A
- Total Number of Employees:11
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 1,600 square feet with a Total Rent of $42,780 for the year. Lease ends 06/2027 with a one 5 year lease option. Seller is active in the business with 4 FT employees and 7 PT employees. Hours of operation are 8 AM - 4 PM, Closed Tuesday. $7,000 in Inventory and $53,951 in FF&E included in Asking Price. $14,000 made in Leasehold Improvements. Ulster County Health Department License Required.
The venture was started in 2012, making the business 10 years old.
The transaction will include inventory valued at $7,000, which is included in the suggested price.
The company has 11 employees and resides in a building with disclosed square footage of 1,600 sq ft.
The real estate is leased by the business for $3,565 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell operating businesses. However, the real factor and the one they tell you may be 2 totally different things. For instance, they may claim "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might just be reasons to attempt to hide the reality of transforming demographics, increased competition, recent decrease in revenues, or a range of other factors. This is why it is very vital that you not count totally on a vendor's word, but instead, use the seller's answer combined with your total due diligence. This will repaint a much more sensible picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies borrow money so as to cover things such as inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can imply that profit margins are too tight. Lots of organisations fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that need to be met or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in new consumers? Many times, operating businesses have repeat clients, which develop the core of their daily earnings. Specific elements such as brand-new competition sprouting up around the area, roadway building, and also employee turn over can affect repeat clients and also adversely impact future revenues. One essential point to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business regularly, the higher the opportunity to construct a returning client base. A final thought is the basic location demographics. Is the business situated in a densely populated city, or is it located on the edge of town? Just how might the neighborhood typical household earnings impact future earnings potential?