Listing ID: 79476
Breakfast / Lunch Restaurant for SALE! A Fort Myers Beach Tradition for 45 years. Family friendly with good food at great prices. Menu has new twist on old traditions and uses fresh, locally sourced ingredients. Pancakes, Waffles, Egg Dishes, Omelets, Sandwiches, Subs, and Salads. Open daily 7:30-2:00pm.
- Asking Price: $175,000
- Cash Flow: $181,048
- Gross Revenue: $625,651
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:13
- Furniture, Fixtures and Equipment:N/A
Other Business Interests
The business was started in 2019, making the business 3 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell businesses. Nevertheless, the real reason vs the one they say to you may be 2 completely different things. For instance, they may state "I have too many other responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might simply be justifications to attempt to hide the reality of transforming demographics, increased competitors, recent reduction in revenues, or a variety of other reasons. This is why it is very essential that you not rely completely on a vendor's word, yet instead, utilize the vendor's solution combined with your total due diligence. This will paint an extra sensible picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses borrow money with the purpose of covering things like stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can suggest that revenue margins are too tight. Lots of businesses come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also 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 might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in brand-new customers? Many times, companies have repeat consumers, which develop the core of their day-to-day earnings. Particular variables such as new competition sprouting up around the location, road building and construction, and staff turn over can influence repeat consumers and adversely affect future profits. One important point to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the greater the possibility to construct a returning customer base. A final idea is the general location demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? How might the regional median household earnings impact future income potential?