Business Overview

This restaurant under same ownership 14 years, located on the main corner in Dade City. Restaurant grosses $1,000,000.00 a year with and excellent net. Hours of operation 6AM-730PM seven days. There are 22 employees with a payroll of $6500 per wk. Seats 90 inside and out.

Financial

  • Asking Price: $199,000
  • Cash Flow: $140,000
  • Gross Revenue: $1,000,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2007

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,300
  • Lot Size:N/A
  • Total Number of Employees:22
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

In good shape

Is Support & Training Included:

Will stay one mth

Purpose For Selling:

Retireing

Additional Info

The business was started in 2007, making the business 15 years old.

The company has 22 employees and is located in a building with estimated square footage of 2,300 sq ft.
The building is leased by the company for $5,500 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals decide to sell companies. However, the real factor and the one they tell you may be 2 completely different things. As an example, they may state "I have too many various commitments" or "I am retiring". For many sellers, these factors are valid. However, for some, these may simply be justifications to try to hide the reality of changing demographics, increased competition, recent decrease in incomes, or a variety of other reasons. This is why it is very important that you not count completely on a vendor's word, yet rather, use the vendor's answer combined with your general due diligence. This will paint an extra realistic picture of the business's current circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses finance loans with the purpose of covering things such as supplies, payroll, accounts payable, and so on. Remember that in some cases this can mean that revenue margins are too small. Numerous companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that need to be fulfilled or may cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location bring in new clients? Most times, companies have repeat customers, which form the core of their everyday profits. Specific aspects such as new competition sprouting up around the location, roadway construction, as well as personnel turnover can affect repeat consumers and adversely affect future earnings. One crucial thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business often, the higher the possibility to construct a returning customer base. A last thought is the basic location demographics. Is the business placed in a largely populated city, or is it located on the edge of town? Just how might the neighborhood mean household income influence future earnings potential?