Business Overview

Authentic Italian and Mediterranean restaurant for sale in Downtown San Francisco inside a well known food court. Their food is a blend of Italian and Mediterranean dishes such as pizza, pasta, wraps. This price includes the catering business and the Van which is 50% of the business. Gross income a year is over $1,000,000 for the year 2021 since april. Lease amount is $3000 for one year time span, then the rent amount will go up to $7000-$8000 a month based on the lease before the pandemic. Landlord covers water, CAM, and PG&E. Approximately 1354 sq ft. Beer and wine licenses are included. Semi-absentee run owner with 8 staff. He got one guy to handle facebook account catering which is $1200 a day / 5 days a week . Can convert, please call for a private showing. Buyer must sign nda to get address and financials

Financial

  • Asking Price: $299,000
  • Cash Flow: N/A
  • Gross Revenue: $1,000,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Additional Info

The real estate is leased by the company for $0.00

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals choose to sell companies. However, the true factor vs the one they tell you might be 2 completely different things. As an example, they may say "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might simply be justifications to try to hide the reality of transforming demographics, increased competition, recent reduction in revenues, or a range of other reasons. This is why it is very crucial that you not depend completely on a seller's word, yet instead, make use of the seller's response combined with your total due diligence. This will repaint an extra sensible picture of the business's present scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses take out loans in order to cover things like inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that profit margins are too tight. Lots of organisations fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that should be satisfied or may cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area bring in new consumers? Often times, companies have repeat consumers, which develop the core of their everyday earnings. Particular variables such as new competitors growing up around the location, roadway building, and also staff turn over can affect repeat customers and also negatively affect future revenues. One vital point to take into consideration is the area 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 consumer base. A last idea is the general location demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? Exactly how might the regional mean home earnings influence future earnings potential?