Listing ID: 78933
This truly turnkey Café offers the things that all business owners want…Great Reputation & Reviews, Fantastic Location with Water Views and Good Profit! This Well Established Seasonal Café has unlimited untapped potential with an affordable lease, fully equipped kitchen and located in a most Desirable Coastal Community! Don’t miss out on this rare business opportunity.
- Asking Price: $119,900
- Cash Flow: N/A
- Gross Revenue: $159,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,500
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Beauitful 2nd Flr dinning Area over looking Harbor.
Moving out of State
The company was founded in 2008, making the business 14 years old.
The company has 1-Ft...2-PT employees and is located in a building with approx. square footage of 1,500 sq ft.
The real estate is leased by the company for $1,494.58 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell businesses. However, the true factor and the one they tell you may be 2 totally different things. For instance, they might say "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might just be justifications to try to hide the reality of altering demographics, increased competitors, current reduction in incomes, or a variety of various other factors. This is why it is extremely essential that you not depend entirely on a vendor's word, yet rather, use the vendor's solution combined with your general due diligence. This will paint an extra reasonable picture of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Many companies take out loans with the purpose of covering items such as stock, payroll, accounts payable, etc. Keep in mind that in some cases this can mean that earnings margins are too tight. Many organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that have to be fulfilled or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in brand-new customers? Most times, operating businesses have repeat clients, which create the core of their day-to-day revenues. Specific aspects such as brand-new competition growing up around the location, roadway building, and personnel turn over can influence repeat consumers and negatively influence future revenues. One important point to consider is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Obviously, 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 placed in a largely inhabited city, or is it located on the outskirts of town? Exactly how might the regional median household earnings impact future earnings prospects?