Listing ID: 76984
***IN ESCROW*** Historical Restaurant and Real Estate in the heart of the Los Rios Historical District in San Juan Capistrano. It is the oldest remaining residential street in California, Los Rios dates back to 1794 when about 40 adobe structures were constructed to house soldiers and workers overseeing the construction of the Mission.
• Popular, well-established restaurant and café
• Large range of customers including couples, foodies, solo diners, tourists, regulars, and special events
Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or the Contact Seller button or email CJ Johnston at CJ@mabusinessadvisors.com or call (619) 300-8000 to receive a confidentiality agreement and to learn more about this opportunity.
- Asking Price: $1,000,000
- Cash Flow: $210,226
- Gross Revenue: $1,159,647
- EBITDA: N/A
- FF&E: N/A
- Inventory: $15,000
- Inventory Included: Yes
- Established: 1995
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:3,548
- Lot Size:N/A
- Total Number of Employees:13
- Furniture, Fixtures and Equipment:N/A
Historic building in the Los Rios district of San Juan Capistrano. 816 Sq. Ft. Building on a 3,548 Sq.Ft. lot size.
Seller will provide training at no cost to buyer.
Pursue other interests
Although restaurant competition remains high, this business has the advantage of being a well-known and well-loved dining destination in a well-established tourist community
The restaurant industry has been affected by Covid 19 but this restaurant is uniquely located in a tourist location and anticipates returning back to pre Covid numbers once the market opens.
The company was founded in 1995, making the business 27 years old.
The deal does include inventory valued at $15,000, which is included in the requested price.
The business has 13 employees and resides in a building with disclosed square footage of 3,548 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell companies. Nevertheless, the real reason vs the one they say to you may be 2 completely different things. For instance, they may state "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might just be reasons to try to hide the reality of altering demographics, increased competition, current reduction in incomes, or an array of various other reasons. This is why it is extremely essential that you not rely entirely on a vendor's word, yet rather, use the seller's answer together with your general due diligence. This will repaint a much more sensible picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Numerous companies take out loans so as to cover items like inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can mean that revenue margins are too tight. Many businesses come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that need to be satisfied or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in new customers? Most times, companies have repeat customers, which form the core of their everyday earnings. Particular elements such as brand-new competition growing up around the area, roadway construction, and also staff turn over can affect repeat customers and also negatively influence future earnings. One essential thing to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business regularly, the higher the chance to develop a returning consumer base. A final idea is the general location demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? Just how might the regional typical house earnings impact future revenue prospects?