Business Overview

This long-established breakfast and lunch cafe is uniquely located in an industrial park and has been serving its customers for the past 26 years. This business will be well suited for a family. The owner enjoys shorter working days as well as weekends and holidays. Please refer to listing number 7101353270, business broker Bassam Batshone 904-318-4780 when inquiring about this listing.

Financial

  • Asking Price: $200,000
  • Cash Flow: $101,760
  • Gross Revenue: $270,000
  • EBITDA: N/A
  • FF&E: $33,000
  • Inventory: $6,000
  • Inventory Included: Yes
  • Established: 1996

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,800
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Lease/Month: 2300 Square Footage: 1800 Building Type: strip center Terms & Options: 5 years with 2.5% increas Expiration Date: 5/31/2022

Is Support & Training Included:

Weeks Training: 2 Cost: $0

Purpose For Selling:

Retirement

Pros and Cons:

Non Compete : Miles: 5 Years: 5

Additional Info

The venture was started in 1996, making the business 26 years old.
The sale will include inventory valued at $6,000, which is included in the suggested price.

The business has 2 employees and resides in a building with disclosed square footage of 1,800 sq ft.
The real estate is leased by the company for $2,300 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals choose to sell companies. Nevertheless, the true reason and the one they say to you may be 2 absolutely different things. For instance, they may state "I have too many various commitments" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might just be excuses to attempt to hide the reality of altering demographics, increased competition, recent reduction in profits, or a variety of various other reasons. This is why it is extremely crucial that you not depend completely on a seller's word, but rather, use the seller's solution combined with your overall due diligence. This will repaint a much more sensible picture of the business's present situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Many companies borrow money so as to cover points like supplies, payroll, accounts payable, and so on. Keep in mind that sometimes this can indicate that revenue margins are too tight. Numerous organisations 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 commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that should be satisfied or may cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location bring in new customers? Many times, businesses have repeat consumers, which develop the core of their day-to-day revenues. Certain aspects such as new competitors sprouting up around the area, road building and construction, and also staff turnover can influence repeat clients and negatively influence future revenues. One important thing to consider is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business on a regular basis, the better the opportunity to build a returning client base. A last idea is the general area demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? Just how might the regional average house income effect future earnings potential?