Listing ID: 79294
If you are looking for an exquisite Italian restaurant located in southern Broward County then stop your search. This popular restaurant sets a mood of elegance and relaxation with a menu that is delightful to the taste buds and the senses. The menu offers simple food made with love. Imported cheeses, cured meats, homemade pasta, superior cuts of fish and fresh seafood that customers can taste with every bite. The restaurant has a small bar area, 21 tables and sits 74 people. Decorated in a casual yet sophisticated manner, it is a true turnkey operation. Has a beer & wine license.
- Asking Price: $230,000
- Cash Flow: $115,143
- Gross Revenue: $613,809
- EBITDA: N/A
- FF&E: $30,000
- Inventory: $10,000
- Inventory Included: Yes
- Established: 2014
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,515
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Seller provides training for 2 weeks with no cost.
The business was founded in 2014, making the business 8 years old.
The sale will include inventory valued at $10,000, which is included in the suggested price.
The business has 4 employees and resides in a building with disclosed square footage of 2,515 sq ft.
The property is leased by the company for $8,791 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell operating businesses. Nevertheless, the genuine reason and the one they tell you might be 2 entirely different things. For instance, they may say "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may simply be excuses to try to hide the reality of changing demographics, increased competition, current reduction in profits, or a variety of other reasons. This is why it is extremely crucial that you not rely completely on a seller's word, but rather, utilize the seller's response along with your total due diligence. This will paint an extra realistic image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses finance loans with the purpose of covering items like supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can indicate that revenue margins are too tight. Numerous companies fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations 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 suppliers that have to be met or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract new customers? Most times, companies have repeat customers, which create the core of their everyday revenues. Particular aspects such as new competition growing up around the area, roadway construction, and staff turnover can impact repeat clients as well as adversely affect future profits. One essential point to think about 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 possibility to build a returning client base. A last idea is the general location demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? Exactly how might the neighborhood typical family income impact future earnings prospects?