Listing ID: 82575
Business Overview
Boasting a strong, 30+ year history of popular dishes and success, listing situated in Northern Florida specializes in providing diverse menu items for breakfast, lunch, dinner and dessert courses. From the Eastern to Western FL coast, they are benefited by excellent franchise opportunities for the restaurant, if desired. For growth optimizations new ownership could also increase efforts for its quality catering services for social and corporate events throughout their neighboring and extended radius. There are multiple restaurant locations including office space. Powered by strong commands to industry, strategic assessments and revisions have raised profit margins and increased business, as Revenues for 2021 reached $2,720,000 alongside EBITDA values of $335,000, rounded. No need to worry about the reputation, their online views stay above 4 stars with lots of new patrons referred. While boasting consistent positive reviews and great reputations, the experienced personnel of 48 nonunion employees are likely to remain post-sale, continue streamlined operations and aid new ownership as desired. With limited owner involvement needed, the sellers will remain for a standard transitioning allowing buyer flexibility to maintain or grow the business. Besides online engagement through their website, social media, internet ads and email programs, simple marketing efforts thrive on backing word of mouth referrals from their large and recurring customer base. Based on an independent evaluation!
Financial
- Asking Price: $1,200,000
- Cash Flow: $335,000
- Gross Revenue: $2,720,000
- EBITDA: $335,000
- FF&E: $150,000
- Inventory: $25,000
- Inventory Included: Yes
- Established: 1988
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:48
- Furniture, Fixtures and Equipment:N/A
Franchise Potentials if desired! Two building total measuring 4,000+/- is leased.
With limited involvement required, a standard allocation period allows streamlined flexibilities to grow the business!
Approaching retirement and/or pursuing other interests.
Additional Info
The company was started in 1988, making the business 34 years old.
The sale will include inventory valued at $25,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell operating businesses. Nevertheless, the true factor and the one they say to you may be 2 totally different things. As an example, they may say "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these might just be excuses to attempt to conceal the reality of changing demographics, increased competition, recent decrease in earnings, or a variety of various other reasons. This is why it is extremely crucial that you not count completely on a vendor's word, however rather, use the seller's answer in conjunction with your general due diligence. This will paint a more sensible image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses finance loans in order to cover things like stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can indicate that earnings 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 also be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that need to be satisfied or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in brand-new clients? Often times, businesses have repeat consumers, which form the core of their day-to-day revenues. Particular elements such as brand-new competition sprouting up around the location, road building, and also staff turnover can influence repeat consumers as well as adversely affect future profits. One crucial point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the higher the chance to develop a returning customer base. A last idea is the basic area demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? How might the local median household earnings impact future earnings prospects?
