Listing ID: 79500
PRICE REDUCED Location! Location! Location! Located in the heart of Downtown with Old “Main Street” charm, classic design and a relaxed atmosphere, this Restaurant specializes in casual food with a Full Liquor License Specializing in those infamous Tacos and Margaritas everyone loves & enjoys. Home to some of the area’s best shopping, dining, entertainment and professional businesses, the newly renovated Downtown has become a family and date night favorite. Downtown is a family-friendly community comprised of 16 individual neighborhoods, a town center, recreational fields, numerous parks, swimming pools, and walking distance to a Professional Baseball Complex. They are surrounded by custom estates, single family homes, townhomes, condos, apartments, and mixed-use lofts wherein residential units are located directly above privately-owned businesses. The 2,055-acre master-planned development now has more than 4,000 homes with its own distinct style and architecture. Don’t Miss This Opportunity to own a restaurant in an affluent area! Please refer to listing 7301476987, Business Broker John Devries 772 260-7647 when you inquire about this listing.
- Asking Price: $399,000
- Cash Flow: $246,249
- Gross Revenue: $1,209,861
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:15
- Furniture, Fixtures and Equipment:N/A
Lease/Month: 11,763 Square Footage: 3,000 Building Type: Downtown/Plaza Terms & Options: 5 yr Option Expiration Date: 7/1/2024
2 weeks training at no cost
Non Compete : Miles: 5 Years: 2
The venture was started in 2019, making the business 3 years old.
The deal will include inventory valued at $5,000, which is included in the suggested price.
The company has 15 employees and resides in a building with approx. square footage of 3,000 sq ft.
The real estate is leased by the company for $11,763 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell operating businesses. Nonetheless, the genuine reason and the one they say to you might be 2 entirely different things. As an example, they may state "I have too many various commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might just be excuses to try to conceal the reality of transforming demographics, increased competitors, current decrease in profits, or a range of other reasons. This is why it is very vital that you not count totally on a seller's word, yet rather, utilize the seller's solution combined with your total due diligence. This will repaint a more practical image of the business's present circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses borrow money in order to cover items like stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can imply that earnings margins are too thin. Numerous organisations fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that must be met or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract new consumers? Often times, businesses have repeat clients, which form the core of their daily profits. Specific aspects such as new competitors sprouting up around the location, roadway building and construction, and also staff turn over can influence repeat consumers and adversely affect future earnings. One crucial thing to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business on a regular basis, the higher the opportunity to construct a returning consumer base. A last thought is the basic location demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the local typical family earnings influence future income prospects?