Listing ID: 79256
Fantastic opportunity to take over a bustling and unique Italian restaurant in a high traffic area near Clearwater. This is the definition of a turnkey business with years of loyal patrons and hundreds of online reviews producing a top-notch reputation making this opportunity very appealing to an investor or restauranter looking to add to their portfolio. The business includes a fully-equipped large kitchen and a pretty bar area where to welcome customers. The owner recently added three-door glass bar refrigerator, a freezer and sandwich preparation station, plus he will teach you how to serve his secret recipes. This business consists of a beer and wine and liquor licenses with existing business hours running from Tuesday through Sunday.
A large parking lot shared with a strip mall ensures that customers will be able to find parking in the high density, high traffic area, making it a favorite with locals, tourists, and those visiting the area on business.
The ideal buyer for this unique legacy business would have prior restaurant experience, strong ties to Italian cuisine, and be ready to learn side-by-side the current owners for two weeks after the sale to ensure a smooth transition of ownership.
For more information on this confidential listing, please reach out to Legacy Venture Group (buybizusa.com) tel: +1-833-289-2491
- Asking Price: $125,000
- Cash Flow: N/A
- Gross Revenue: $250,000
- EBITDA: N/A
- FF&E: $60,000
- Inventory: $2,500
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Beautiful location. Fully equipped. Great look.
High quality. Great location.
Could open another day. Build more marketing
The business was founded in 2018, making the business 4 years old.
The transaction doesn't include inventory valued at $2,500*, which ins't included in the listing price.
The company has 5 employees and resides in a building with approx. square footage of N/A sq ft.
The real estate is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell operating businesses. Nonetheless, the real reason and the one they say to you may be 2 totally different things. For instance, they might state "I have way too many other obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may simply be justifications to try to hide the reality of changing demographics, increased competitors, current decrease in profits, or a range of other reasons. This is why it is very vital that you not depend absolutely on a seller's word, however rather, make use of the vendor's response along with your overall due diligence. This will repaint a more practical image of the business's current scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies borrow money with the purpose of covering points like stock, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that earnings margins are too thin. Lots of companies come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that have to be fulfilled or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract brand-new consumers? Many times, operating businesses have repeat consumers, which create the core of their day-to-day earnings. Certain aspects such as new competitors growing up around the area, roadway building and construction, as well as personnel turn over can affect repeat consumers and adversely impact future profits. One important point to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the higher the opportunity to construct a returning client base. A last thought is the basic area demographics. Is the business placed in a largely populated city, or is it located on the edge of town? How might the regional average house income influence future revenue potential?