Listing ID: 82505
Z Cafe is Manhattan’s hub when it comes to community events. The business is for sale with an assignable lease. One of 3 diners in town, Z Cafe hosts Sound Check, Teen Night, Holiday Strolls and Events, Catering, Pre-cooked Dinners To Go and more… Future profit growth possibilities are endless when engaging in more open hours. Currently, Z Cafe is open Wednesday through Friday 7am-3pm serving breakfast and lunch. Z Cafe has a full service espresso bar, ice cream bar, and a small kitchen with a prep area. This space is perfect to rent out as an event venue or have people stop in during business hours to conduct their meetings like so many other groups already do. It is attached to the local gym, beckoning early risers with the smell of coffee, bacon, and eggs. The cafe can seat approximately 100 people when the outdoor seating is available and is next to major businesses in Manhattan like Blackhawk, PDM, an accounting firm, Raisin Auto Body, Ace Hardware, Stockman Bank, Norplex, and more.
- Asking Price: $65,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: N/A
The building is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell operating businesses. Nonetheless, the real factor and the one they say to you may be 2 completely different things. As an example, they may state "I have too many various commitments" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these might just be justifications to try to conceal the reality of transforming demographics, increased competition, recent decrease in incomes, or an array of other factors. This is why it is extremely important that you not rely totally on a seller's word, yet rather, make use of the vendor's solution in conjunction with your overall due diligence. This will paint an extra reasonable picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses take out loans in order to cover things such as stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that profit margins are too small. Many businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that have to be met or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract new customers? Many times, operating businesses have repeat consumers, which develop the core of their everyday revenues. Certain aspects such as brand-new competition growing up around the location, roadway construction, as well as personnel turnover can affect repeat customers and also negatively influence future earnings. One crucial point to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business often, the better the opportunity to develop a returning client base. A last idea is the general location demographics. Is the business situated in a densely populated city, or is it located on the edge of town? Just how might the local typical family income impact future earnings potential?