Listing ID: 79426
Four Waterfront Restaurants, with average combined sales exceeding $13 Million per year, all in highly desirable locations in Broward County, Palm Beach County, Saint Lucie, and Indian River County! Don’t Miss This Opportunity to own an established brand for over 20 years with a loyal clientele that enjoy friendly family atmosphere with great food at an affordable price. Each location is strategically positioned with views of the water, ample parking, close to downtown and great employees. Each location is fully staffed with management taking care of all day to day operations. Financing is available! Please refer to listing 7301561608, Business Broker John Devries 772 260-7647 when you inquire about this listing.
- Asking Price: $12,000,000
- Cash Flow: $2,084,140
- Gross Revenue: $13,182,642
- EBITDA: N/A
- FF&E: $1,000,000
- Inventory: $100,000
- Inventory Included: Yes
- Established: 2001
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:20,000
- Lot Size:N/A
- Total Number of Employees:34
- Furniture, Fixtures and Equipment:N/A
Lease/Month: 67,000 Square Footage: 20,000 Building Type: Waterfront Terms & Options: Negotiable Expiration Date: 1/1/2030
2 weeks training at no cost
Non Compete : Miles: 25 Years: 5
The company was founded in 2001, making the business 21 years old.
The deal does include inventory valued at $100,000, which is included in the listing price.
The company has 34 employees and is situated in a building with disclosed square footage of 20,000 sq ft.
The building is leased by the company for $67,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell businesses. Nonetheless, the true reason and the one they say to you might be 2 completely different things. For instance, they might claim "I have a lot of various commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may simply be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in incomes, or an array of other factors. This is why it is really essential that you not rely entirely on a vendor's word, yet rather, utilize the seller's response along with your general due diligence. This will repaint a much more practical picture of the business's current scenario.
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. Many companies take out loans so as to cover things such as stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that earnings margins are too thin. Lots of organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that need to be satisfied or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in new clients? Many times, businesses have repeat customers, which develop the core of their daily profits. Specific variables such as new competitors sprouting up around the location, roadway building, and also employee turn over can influence repeat customers and adversely impact future incomes. One vital thing to consider is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business regularly, the greater the chance to construct a returning client base. A last thought is the basic area demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? Just how might the regional average home earnings influence future income prospects?