Business Overview

Reason for Sale: Semi- Retirement- Extremely Profitable Bagel/Deli Restaurant in South Florida. This Business really racks in the dough for the past 10 years. One of the top Bagel/Deli restaurants in the tri-county area. The bagel/deli has achieved over $2 million in sales in 2021 with an owner benefit of $570k + for a working owner. Perfect books and records rare for the restaurant industry with potential for bank qualification. Spacious outside patio that is perfect for today’s eating environment. Experienced staff will continue with the new owner. Lease extends to 2030. Fully equipped kitchen. All buyers must financially qualify and be approved prior to name /address/executive summary being released-No exceptions!

Financial

  • Asking Price: $2,350,000
  • Cash Flow: $572,635
  • Gross Revenue: $1,996,902
  • EBITDA: N/A
  • FF&E: $47,000
  • Inventory: $25,000
  • Inventory Included: Yes
  • Established: 2010

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:15
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Will train for 2 weeks.

Purpose For Selling:

Semi- Retirement.

Additional Info

The venture was founded in 2010, making the business 12 years old.
The deal shall include inventory valued at $25,000, which is included in the listing price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals decide to sell businesses. However, the real factor vs the one they tell you may be 2 absolutely different things. As an example, they might claim "I have a lot of various responsibilities" or "I am retiring". For many sellers, these factors are valid. But, for some, these may just be reasons to attempt to hide the reality of transforming demographics, increased competitors, recent reduction in revenues, or an array of other reasons. This is why it is extremely essential that you not count entirely on a seller's word, however rather, use the vendor's answer combined with your overall due diligence. This will paint a much more realistic picture of the business's current scenario.

Existing Debts and Future Obligations

If the current company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses finance loans in order to cover points such as stock, payroll, accounts payable, so on and so forth. Remember that sometimes this can imply that earnings margins are too thin. Numerous businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally 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 contracts with vendors that need to be fulfilled or may cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area draw in new consumers? Most times, companies have repeat customers, which develop the core of their everyday profits. Certain elements such as brand-new competitors growing up around the area, road building and construction, and staff turnover can influence repeat customers and negatively influence future incomes. One vital point to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business often, the greater the possibility to develop a returning customer base. A final thought is the basic area demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? How might the neighborhood median home earnings influence future income potential?