Listing ID: 76786
Local’s favorite downtown independent fast casual restaurant offering a fresh, healthy and tasty breakfast and lunch menu…which may be expanded to add dinner service. With ample foot traffic, indoor and outdoor seating, this restaurant offers breakfast burritos, eggs, meats and baked goods and the best wood fired pizzas, salads and bowls for lunch. Currently open 8am-3pm daily, catering, take-out meals and private events supplement high local and seasonal tourist daily patronage. This business has weathered the pandemic and natural disasters affecting the nearby interstate highway, and is well-positioned for new ownership to capitalize on the continued growth of residents and seasonal visitors to this highly desirable mountain town.
- Asking Price: $249,000
- Cash Flow: N/A
- Gross Revenue: $400,000
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $4,000
- Inventory Included: Yes
- Established: 2018
- 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
2,400 sf leased space with indoor and outdoor seating.
Seller will provide effective training and knowledge transfer to the Buyer in all matters relating to Company operations.
There are other pizza and coffee shops in town, but none offers the quality, fresh/healthy fast casual menu and catering/take-out options as this established restaurant.
A new owner might add dinner service and/or expand bag lunches for rafting/adventure companies and special events.
The company was founded in 2018, making the business 4 years old.
The sale will include inventory valued at $4,000, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell businesses. Nonetheless, the true reason vs the one they tell you may be 2 entirely different things. As an example, they might state "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might just be justifications to attempt to conceal the reality of changing demographics, increased competition, recent decrease in earnings, or a variety of other reasons. This is why it is extremely crucial that you not rely absolutely on a seller's word, but instead, utilize the vendor's solution together with your overall due diligence. This will repaint an extra sensible picture of the business's present situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses borrow money in order to cover items like stock, payroll, accounts payable, etc. Remember that in some cases this can indicate that revenue margins are too small. Numerous organisations fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that should be met or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in brand-new clients? Many times, companies have repeat clients, which create the core of their daily revenues. Specific factors such as brand-new competition sprouting up around the location, road building, as well as staff turn over can affect repeat customers and negatively impact future earnings. One essential thing to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Clearly, the more individuals that see the business regularly, the higher the possibility to build a returning customer base. A final thought is the general area demographics. Is the business located in a densely populated city, or is it located on the edge of town? Exactly how might the neighborhood median family income influence future income prospects?