Listing ID: 77252
In 2021 the Cafe is open 5 days a week for breakfast and lunch. Annualized sales and net income based on April- June 2021
Net Income: $153,800
Very popular San Ramon Breakfast Lunch Bakery cafe established 2011 Strong net income and sales since COVID with only 5 day operation. Beautiful build out, large fully equipped kitchen and outside seating.
This is a very popular Breakfast Lunch Cafe and bakery that offers breakfast and lunch 5 days a week with the same owners in the same location since 2011. Sales and profits have been good in 2021 with the dining room and expanded outside seating in the parking lot. There is a fully equipped kitchen and well appointed dining room. Convenient parking in front of the cafe.
Lease: $9,188 monthly includes NNN – garbage and water
Term: December 31, 2021 + Additional time with landlord.
Size: approximately 2,400 SF
Price has been reduced so buyer can convert to another concept or keep with the name.
Huge price reduction!!
- Asking Price: $75,000
- Cash Flow: $153,800
- Gross Revenue: $718,732
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2011
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,400
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Fully equipped kitchen with full hood. Front counter with display case and espresso machine and beer and wine. Well appointed dining room with expanded outside seating in parking lot during COVID.
This is a very well established breakfast lunch cafe in a strong trade area.
The cafe could be open additional days and also at night if the new owner wanted to.
The company was founded in 2011, making the business 11 years old.
The property is leased by the company for $9,188 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell companies. Nonetheless, the true reason vs the one they say to you might be 2 absolutely different things. For instance, they might say "I have way too many various obligations" or "I am retiring". For many sellers, these factors are valid. But, for some, these might just be justifications to attempt to hide the reality of changing demographics, increased competitors, current reduction in incomes, or a variety of various other factors. This is why it is very important that you not rely completely on a seller's word, yet rather, make use of the seller's response combined with your overall due diligence. This will paint a much more practical image of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses take out loans so as to cover points such as inventory, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that profit margins are too thin. Lots of companies fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that should be fulfilled or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in brand-new consumers? Most times, operating businesses have repeat consumers, which form the core of their daily revenues. Certain elements such as new competitors sprouting up around the area, road construction, as well as employee turnover can impact repeat customers and adversely affect future profits. One important point to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the higher the chance to build a returning client base. A final idea is the basic location demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? Exactly how might the local median household earnings influence future income potential?