Listing ID: 79484
Reason for Sale: Retirement- Extremely Profitable Restaurant in West Broward. Established since 2005 servicing clients of SW Broward. Incredible demographics which support a loyal local following. Great online reviews 4.7 rating. 2021 Owner Benefit $470k. Busy Publix Plaza. Open Tues-Thurs/Sat-Lunch hours. Dinner served Friday only. Seating for 120 customers inside & seats 30 outside on their patio. 4COP SRX liquor license. Fully equipped & recently renovated kitchen with new hood & equipment. Experienced Kitchen & Wait staff. 2800 sq ft facility. Lease extends to 2033. All buyers must financially qualify prior to name & executive summary being released. May qualify for Visa. Video tour available.
- Asking Price: $1,250,000
- Cash Flow: $470,235
- Gross Revenue: $1,600,647
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $15,000
- Inventory Included: Yes
- Established: 2005
- 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
Shopping Center-2800 sq ft -Lease extends to 2033- Rent $11,100/month.
Will train for 4 weeks @ $0 cost.
The company was founded in 2005, making the business 17 years old.
The deal does include inventory valued at $15,000, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell businesses. Nevertheless, the true factor vs the one they say to you might be 2 totally different things. As an example, they may state "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might simply be excuses to try to hide the reality of changing demographics, increased competition, current decrease in incomes, or an array of other reasons. This is why it is extremely important that you not depend completely on a vendor's word, yet rather, utilize the seller's solution together with your general due diligence. This will repaint a much more sensible image of the business's present scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies take out loans with the purpose of covering points such as stock, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can indicate that earnings margins are too tight. Many businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that have to be met or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in brand-new customers? Most times, operating businesses have repeat customers, which create the core of their daily revenues. Particular aspects such as new competition growing up around the location, roadway building, and also personnel turn over can affect repeat customers and also negatively affect future profits. One vital thing to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the greater the possibility to build a returning consumer base. A final thought is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the edge of town? Exactly how might the regional average house income impact future revenue prospects?