Business Overview

This simple concept, unique, and well-established multiuse business is an entrepreneur’s dream come true! You will own more than just a restaurant, but a well-established family cafe serving an awesome breakfast and lunch with about 60% of its revenue derived from providing a gourmet lunch program to five of the most well-known private schools in Palm Beach County area, all via assignable contracts. Included in the sale are (10) modern snack vending machines within the schools. All of this is in addition to a full-service catering company and recently established ghost kitchen enterprise that is quickly becoming a household name. There is over $150K in assets, including inventory included in the sale. The staff is well-trained and dedicated to the company. There are about 32 people, including 5 managers. The full-service cafe has 28 tables and booths all located in a high-traffic strip center conveniently located between the FL turnpike and I-95. The seller is forced to relocate his family and is willing to offer to finance to most qualified buyers. This operation should qualify for most immigration buyers. The owner will train the new owner for ease of transition. All in all, the groundwork has all been done for you. Contracts are in place. All you have to do is be ready to own an empire. Please refer to listing number 0101137873, business broker Tom Milana 561-702-6867 when inquiring about this listing.

Financial

  • Asking Price: $925,000
  • Cash Flow: $334,805
  • Gross Revenue: $1,273,613
  • EBITDA: N/A
  • FF&E: $138,130
  • Inventory: $19,300
  • Inventory Included: Yes
  • Established: 2014

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,525
  • Lot Size:N/A
  • Total Number of Employees:33
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Lease/Month: 3800 Square Footage: 2525 Building Type: restaurant+ Terms & Options: 1 three year option Expiration Date: 6/1/2025

Is Support & Training Included:

Weeks Training: 4 Cost: $0

Purpose For Selling:

Family Relocating

Pros and Cons:

Non Compete : Miles: 75 Years: 4

Additional Info

The business was founded in 2014, making the business 8 years old.
The deal shall include inventory valued at $19,300, which is included in the suggested price.

The business has 33 employees and resides in a building with disclosed square footage of 2,525 sq ft.
The real estate is leased by the company for $3,800 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals decide to sell businesses. Nevertheless, the real reason and the one they say to you may be 2 entirely different things. As an example, they might claim "I have way too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. But also, for some, these may simply be reasons to try to conceal the reality of altering demographics, increased competitors, current decrease in profits, or a range of other reasons. This is why it is really crucial that you not count completely on a vendor's word, however rather, utilize the seller's response in conjunction with your general due diligence. This will paint a more reasonable image of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Numerous companies borrow money in order to cover things such as inventory, payroll, accounts payable, etc. Remember that in some cases this can mean that profit margins are too tight. Lots of organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that must be fulfilled or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area bring in brand-new clients? Often times, companies have repeat customers, which form the core of their day-to-day profits. Particular factors such as brand-new competition sprouting up around the location, road building, as well as staff turnover can affect repeat consumers as well as adversely affect future profits. One crucial point to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business on a regular basis, the greater the chance to develop a returning client base. A last thought is the general location demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? Just how might the local average family income influence future earnings prospects?