Listing ID: 77151
Beautiful downtown restaurant in the heart of Napa Valley has a bright and sunny dining room, fully equipped kitchen with a Type-1 hood, grease trap, walk-in refrigerator. The premise can accommodate most any concept and is currently operating as a convenient and curated grab and go meals to be enjoyed offsite while offering an immensely comfortable and inviting FOH for guests to convene onsite with friends to enjoy drinks from the self-serve taps, watch sports and listen to live music. The premise features a back entrance/receiving door with 1 dedicated parking space. Seller motivated to license the current concept to a qualified buyer.
**Seller recently satisfied the time-consuming and expensive change of ownership requirements which should make the process much easier for the next operator**
• Installation of a new HVAC system
• New electrical outlets in kitchen and retails space including 220 dedicated outlets in both areas
• New drain for Walk-in
• Custom made Micromatic 12 keg self-pour draft system
-The restaurant is 1435 square feet (approx.) with occupancy for 42 (approx.)
-Rent is $5,000 (approx.). Current term expires Aug 2024. Qualified buyer to secure more lease term with landlord.
-Restaurant equipment includes: 10-0” Type-1 Exhaust hood, 8’ X 8’ Walk-in refrigerator; stainless steel prep tables; Blodgett double stack ovens; 12 keg self-serve draft system; Southbend 6-burner stove; Double basket deep fryer; two large wood community tables; Wayfair couch; Traulsen double-door refrigerator; Toast POS; triple sink; hand washing sink; prep sink; mop sink
-Founded in 2020 the shop is open 7 days a week: Monday-Thursday from 11:00am-7:00pm, Friday 11:00am-9:00pm, Saturday & Sunday 11:00am-8:00pm
– Owner works fulltime with and 2 part-time employees.
-Inventory is valued at $10,000 (approx.) and is not included in the purchase price
-Premise is licensed with a Type-41 Beer & Wine License
PRICE INCLUDES: Furniture, fixtures and equipment, covenant not to compete, leasehold interest, leasehold improvements, and goodwill. Brand, DBA, recipes and concept are not included in the sale (unless buyer secures license agreement with from the seller) and some personal items may also be excluded.
Disclaimer: The information provided here is compiled from information obtained by the Seller(s). The broker makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification and that of their financial and/or legal advisers regarding this information
- Asking Price: $149,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell companies. Nonetheless, the genuine reason vs the one they tell you might be 2 totally different things. As an example, they might claim "I have a lot of various obligations" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might simply be excuses to try to conceal the reality of altering demographics, increased competitors, current decrease in earnings, or a range of various other factors. This is why it is very important that you not depend absolutely on a seller's word, yet rather, utilize the seller's response along with your total due diligence. This will paint a much more practical picture of the business's existing scenario.
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 deal. Numerous operating businesses borrow money with the purpose of covering things such as inventory, payroll, accounts payable, etc. Bear in mind that sometimes this can indicate that revenue margins are too small. Many companies come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that have to be met or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in brand-new clients? Many times, businesses have repeat clients, which form the core of their daily revenues. Certain elements such as brand-new competition sprouting up around the area, road building and construction, and also employee turn over can influence repeat consumers and also adversely influence future earnings. One vital point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business often, the greater the opportunity to develop a returning client base. A final thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? How might the regional median house income impact future revenue prospects?