Business Overview

Well-known breakfast and lunch. Established steady crew. Closes by 2 PM daily.

Text 813-571-7700 for your NDA and summary.

Steady crowd. Simplified menu. Great staff.

After two decades, the owner is ready to retire. Will provide training for you as the new owner.

NDA, ID & Evidence of Funds required by Seller before releasing the identity of this business. Strict requirement.

Text 813-571-7700 for your NDA and summary.

Financial

  • Asking Price: $424,999
  • Cash Flow: $154,000
  • Gross Revenue: $1,000,000
  • EBITDA: N/A
  • FF&E: $120,000
  • Inventory: $2,500
  • Inventory Included: Yes
  • Established: 2002

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:25,000
  • Lot Size:N/A
  • Total Number of Employees:9
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Super clean and nicely decorated. Complete furnished. All paid off and in great shape. Ready to go. Well maintained. Licensed to seat 90 and does at least that.

Is Support & Training Included:

Full support for two weeks as part of asking price

Purpose For Selling:

Retirement. Done his time and ready to move on.

Pros and Cons:

Strongest in the area. Very well known. Check it out and see.

Opportunities and Growth:

Does zero marketing and still has a very loyal following. Bring your marketing and business development skills to take this to the next level.

Additional Info

The business was established in 2002, making the business 20 years old.
The sale will include inventory valued at $2,500, which is included in the requested price.

The business has 9 employees and is located in a building with disclosed square footage of 25,000 sq ft.
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 people choose to sell companies. Nevertheless, the true factor and the one they say to you may be 2 completely different things. As an example, they may state "I have way too many various obligations" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these might just be reasons to attempt to hide the reality of transforming demographics, increased competition, current decrease in revenues, or a range of other reasons. This is why it is really important that you not rely totally on a seller's word, yet instead, make use of the vendor's solution along with your overall due diligence. This will repaint an extra practical image of the business's present scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses finance loans so as to cover points such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can indicate that profit margins are too tight. Lots of organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that must be met or may cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area attract brand-new clients? Often times, companies have repeat customers, which develop the core of their day-to-day revenues. Particular variables such as new competitors growing up around the area, road construction, and also staff turnover can affect repeat clients as well as negatively influence future incomes. One important point to take into consideration 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 people that see the business often, the greater the opportunity to build a returning consumer base. A last thought is the general location demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? How might the regional average household income influence future earnings prospects?