Business Overview

Amazing opportunity to acquire a profitable and established turnkey Caribbean Restaurant. Fully equipped fast casual Caribbean Restaurant for sale. Great food, impeccable service, and amazing loyal staff makes this one of the best Caribbean Restaurants in Georgia! Minutes from an incredibly busy interstate, with limited competition this restaurant has tons of upside-not to mention great Caribbean Cusine!
Established in 2008, this restaurant is a favorite among the locals and continues to grow daily by word of mouth and the utilization of delivery services. This easy to operate restaurant for sale has tremendous growth opportunities.

Everything is delicious, and the customer reviews are raving. Seller is willing to provide onsite training, and all menu items and recipes are included. Catering is a huge opportunity that is untapped and can increase revenue tremendously. The potential of hiring a catering manager to have catering sales soar to new heights. Most marketing is word of mouth, but with an increased marketing plan sales can potentially climb even higher.
Turnkey operation, no build out costs, make money from day 1!
All equipment is in “like new” condition and restaurant is fully equipped. No need to purchase new equipment or remodel. This restaurant is 100% fully equipped for success and higher sales volumes!
Incredible opportunity to scale on a large level or create into a franchise model.
Inquire Today!

Financial

  • Asking Price: $750,000
  • Cash Flow: $183,000
  • Gross Revenue: $965,000
  • EBITDA: N/A
  • FF&E: $80,000
  • Inventory: $15,000
  • Inventory Included: Yes
  • Established: 2008

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,000
  • Lot Size:N/A
  • Total Number of Employees:7
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

retiring

Additional Info

The business was founded in 2008, making the business 14 years old.
The deal does include inventory valued at $15,000, which is included in the requested price.

The business has 7 employees and resides in a building with disclosed square footage of 3,000 sq ft.
The building is leased by the business for $3,500 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals decide to sell companies. Nonetheless, the real reason and the one they say to you may be 2 totally different things. For instance, they might say "I have way too many various obligations" or "I am retiring". For many sellers, these factors stand. But also, for some, these might just be excuses to attempt to hide the reality of altering demographics, increased competition, current reduction in revenues, or an array of various other reasons. This is why it is very important that you not depend totally on a vendor's word, however instead, utilize the seller's response together with your total due diligence. This will paint a more practical picture of the business's present situation.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies borrow money so as to cover things like stock, payroll, accounts payable, and so on. Remember that in some cases this can indicate that earnings margins are too thin. Lots of businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that should be met or may result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area attract new customers? Many times, companies have repeat clients, which develop the core of their daily profits. Particular aspects such as brand-new competitors sprouting up around the location, road building and construction, as well as employee turn over can impact repeat clients as well as negatively influence future earnings. One vital thing to consider is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business regularly, the better the possibility to develop a returning client base. A last thought is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the neighborhood median household earnings impact future income prospects?