Business Overview

This Restaurant is a perfect place to learn from a experienced pro that has all procedures in place and set up. The style of food is classic European sandwiches, soups and Deserts. The cafe also has a liquor license. On Trip Adviser this location has 4.5 Stars in 375 reviews. On Face Book it has 4.8 Stars with 350 Votes and ranked #2 of 130 restaurants in Michigan city. The hours of operation are 6 days a week. Tuesdays thru Sundays 10AM-5PM. The buildings must be purchased together. The two buildings are $179,000 and the Business $120,000 totaling $299,000.00 for all. This is a great opportunity for a SBA loan as the property goes with the sale and the SBA likes verses just the biz only. 2021 is up 7% over last year and hit $360,000 in gross sales for 2021. All food costs & Labor costs are low 30% range with 23% Profit margins. The NEW kitchen is fantastic and gave more space inside for seating as the kitchen was moved next door. this is a must see.

Financial

  • Asking Price: $120,000
  • Cash Flow: $70,216
  • Gross Revenue: $362,000
  • EBITDA: $251,000
  • FF&E: $80,000
  • Inventory: $5,500
  • Inventory Included: N/A
  • Established: 2008

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:2,000
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a wonderful opportunity to own and operate a Sandwich Deli Bistro and Cafe' style restaurant that is actually Two - 1,000 square foot buildings next to each other with a door in between. Their is an outside patio that seats 32+- and inside seating for 40.The outside patio is really nice to sit outside during the summer and not be on the main street.

Is Support & Training Included:

The seller will Train on all aspects of the business for up to 2 week goes with the sale.

Purpose For Selling:

Moving out of state to retire.

Pros and Cons:

This is a one of a kind in a busy section of town that serves carryout food and a coffee and more. Great Reputation on all web sites with rave reviews. Liquor license is a plus. Owning the real-estate you get write offs tax wise by charging the biz rent and depreciation.

Opportunities and Growth:

Open the 2nd part of the building to serve ice cream as well that is all custom made to increase sales.

Additional Info

The business was established in 2008, making the business 14 years old.
The transaction shall not include inventory valued at $5,500*, which ins't included in the suggested price.

The business has 4FT & 1PT employees and resides in a building with estimated square footage of 2,000 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals resolve to sell operating businesses. Nonetheless, the genuine factor vs the one they say to you may be 2 completely different things. As an example, they may say "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may simply be justifications to try to conceal the reality of altering demographics, increased competition, recent reduction in revenues, or a range of other factors. This is why it is really crucial that you not count totally on a vendor's word, but instead, use the seller's answer in conjunction with your overall due diligence. This will repaint an extra sensible image of the business's current circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses finance loans so as to cover points like inventory, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can mean that earnings margins are too small. Lots of businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that have to be met or might result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area draw in new consumers? Often times, businesses have repeat customers, which develop the core of their daily earnings. Particular elements such as brand-new competition growing up around the area, roadway building and construction, as well as staff turn over can impact repeat consumers and adversely influence future earnings. One crucial thing to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business often, the better the opportunity to construct a returning consumer base. A last thought is the general location demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? How might the local median home income impact future revenue prospects?