Listing ID: 79313
ACT FAST! Only a few weeks left to purchase this once-in-a-lifetime opportunity! Fabulous Breakfast / Lunch Restaurant, established for 13 years, in one of the most affluent areas of South Fort Myers, Florida. Current hours of operation are 7:30am to 2:00pm, 5 days per week. Closed Sundays and Mondays. Additional revenue easily obtainable with added days and/or dinner hours. Owners are retiring and will not be renewing lease. They will be vacating the building in April. Experienced restaurant owner will appreciate the meticulously maintained kitchen, high-quality equipment, and inviting atmosphere in the dining area. Asking price is reduced to $50,000! You could not reproduce equipment and leasehold improvements for more than double the asking price. The business is open and profitable but is selling as an asset sale.
- Asking Price: $50,000
- Cash Flow: $32,781
- Gross Revenue: $197,539
- EBITDA: N/A
- FF&E: $60,000
- Inventory: $2,000
- Inventory Included: Yes
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,633
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Shopping Center Location
The company was started in 2008, making the business 14 years old.
The sale will include inventory valued at $2,000, which is included in the asking price.
The business has 2 employees and resides in a building with approx. square footage of 1,633 sq ft.
The property is leased by the business for $2,461 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell operating businesses. Nevertheless, the real reason and the one they tell you might be 2 entirely different things. As an example, they might state "I have too many other obligations" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might simply be justifications to try to hide the reality of altering demographics, increased competitors, current reduction in incomes, or a range of various other reasons. This is why it is really crucial that you not count completely on a seller's word, however instead, use the vendor's answer together with your general due diligence. This will repaint an extra sensible picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous operating businesses take out loans with the purpose of covering points like stock, payroll, accounts payable, and so on. Remember that occasionally this can mean that earnings margins are too thin. Lots of organisations come under a revolving door of taking on debt 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 equipment or the building where the business resides. The business might have existing contracts with suppliers that should be fulfilled or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in brand-new clients? Many times, companies have repeat customers, which create the core of their everyday earnings. Specific elements such as brand-new competition growing up around the location, road building, and also employee turn over can impact repeat clients and negatively influence future earnings. One crucial thing to consider is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business on a regular basis, the better the chance to develop a returning customer base. A last thought is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? How might the regional average home income influence future income potential?