Listing ID: 81045
Business Overview
Popular Berlin Street food cafe. This is newly built out in a very popular and high demand area. Seller lives out of the country and can’t manage it so far away. Seller is open to selling the brand, and recipes or selling it as an asset sale for a buyer to change the concept. Seller has invested over $200,000 in leasehold improvements, FF&E and opening the business but is selling it at an extreme discount. This is price so well it will not last long. Support and Training will be outstanding ensuring a smooth transition. The seller states that the experienced and dedicated staff will all be willing to stay on with the new owner of this business. For more information including a detailed confidential opportunity summary with financial information and photos, please use the form on this page to request more information and the NDA will be emailed to you right away. For a quick response to your inquiry, please email listing agent Trent Lee (RE#S.0183611.LLC; Business Broker Permit# BUSB.0006978) at trent@fcbb.com
Financial
- Asking Price: $5,500
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $55,000
- Inventory: $200
- Inventory Included: Yes
- Established: 2020
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 2,000 square feet with a Total monthly rent of $6,520. Lease ends 06/2027 with Two 5-year options. Seller is not active with 1FT and 10 PT employees. Hours of operation are 11am – 9pm, Sunday to Thursday, 11am-12am, Friday to Saturday. $200 in inventory and $55,000 in FF&E included in the asking Price. $150,000 made in leasehold improvements.
14 days
Seller lives in another country
Additional Info
The business was started in 2020, making the business 2 years old.
The transaction will include inventory valued at $200, which is included in the requested price.
The company has 1FT, 10PT employees and resides in a building with estimated square footage of 2,000 sq ft.
The property is leased by the business for $6,520 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell companies. However, the true factor vs the one they tell you might be 2 completely different things. For instance, they might claim "I have too many other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might simply be justifications to try to conceal the reality of transforming demographics, increased competition, current reduction in incomes, or a variety of other factors. This is why it is very vital that you not rely totally on a vendor's word, but rather, make use of the vendor's solution together with your general due diligence. This will paint a much more realistic image of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Numerous businesses finance loans in order to cover points such as 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. Lots of companies fall into 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 consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that need to be satisfied or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area bring in brand-new consumers? Many times, businesses have repeat customers, which form the core of their day-to-day earnings. Particular factors such as new competitors growing up around the location, roadway building and construction, and employee turnover can influence repeat consumers as well as negatively impact future revenues. One vital point to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business regularly, the greater the possibility to construct a returning customer base. A final idea is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? Just how might the local mean house earnings impact future income prospects?
