Listing ID: 79359
Reason For Sale: Career Change- Extremely Profitable Bagel/Deli in SW Broward. Established since 2010 serving traditional Deli comfort foods for break & lunch only. Open 7 days, closes by 3pm everyday. Award winning bagels! All bagels are par baked & finished in house. Seating capacity 42. Current lease extends to 2029. Competitive rent $5,370. Owner operator makes $120k+ as an owner operator. Experienced staff will stay with new owner. Seller financing available to credit worthy buyer. 2021 Sales $600k+. Recently remodeled in 2020. Fully equipped with 9 ft hood & walk in cooler.
- Asking Price: $300,000
- Cash Flow: $122,535
- Gross Revenue: $623,753
- EBITDA: N/A
- FF&E: $25,000
- Inventory: $6,000
- Inventory Included: Yes
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Rent $5,370- Lease Expires 2/1/2024- Sq ft 1492- Shopping Center.
Will train for 2 weeks @ $0 cost.
Local Competitors-Tower Deli- Mayor's Bagel.
The company was started in 2010, making the business 12 years old.
The sale does include inventory valued at $6,000, which is included in the suggested price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell businesses. Nevertheless, the real reason vs the one they tell you might be 2 entirely different things. For instance, they might say "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might just be excuses to try to conceal the reality of transforming demographics, increased competitors, recent reduction in earnings, or an array of other reasons. This is why it is very vital that you not count absolutely on a vendor's word, but rather, make use of the vendor's response together with your total due diligence. This will repaint a more reasonable image of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies borrow money with the purpose of covering points like stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that earnings margins are too thin. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that should be met or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in new consumers? Many times, operating businesses have repeat clients, which develop the core of their everyday profits. Certain variables such as new competition growing up around the location, roadway building and construction, and also personnel turn over can influence repeat customers as well as negatively impact future profits. One vital point to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business often, the higher the opportunity to build a returning client base. A final idea is the general area demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? How might the regional typical house income influence future earnings prospects?