Listing ID: 82614
VERY PROFITABLE CAFÉ/DELI IN THRIVING MIDTOWN BILLINGS
Less than two years old and shows rapid growth with repeatable profitability
$284,000 gross sales & $94,000 cash flow from Dec 2020 through Dec 2021
Sales increased 2.5x in the last 12 months
Poised for exponential growth & 6 figure income in 2022
Evergreen Café, 1540 13th St W, Billings, MT
Turn-key café/deli – Completely remodeled kitchen and charming dining area, equipment like new
Steady daily lunches, and rapidly growing take-out and custom orders
Open only 25 hours per week
All furniture, fixtures and equipment included
Attractive and affordable lease
Business only – no Real Estate included
Reason for sale: Owners have other successful businesses and want to see someone else take it to the next level.
Unique café/deli for sale in midtown Billings. Within an established neighborhood and a block off Grand Ave, one of the busiest streets in town. Proximity to two universities, two major hospitals and multiple medical complexes. Located inside a high-traffic hardware store, yet independently owned and operated and visually separate. Known for hearty, healthy, and delicious sandwiches, beautiful charcuterie boards, homemade soups and other offerings.
Café is in a completely remodeled building, which was previously a grocery store and deli. Design blends contemporary and western style, bright colors, and plenty of seating.
Impeccably clean and fully equipped to operate, with plenty of room and hours to expand. 2000 square foot space includes kitchen, walk-in cooler, office, storage, and dining.
Growing lunch crowd and a go-to place for charcuteries for parties and special events. The day before Thanksgiving topped almost $8000 in sales of charcuteries and other special offerings. In addition, catered lunches of sandwiches, pasta salads and lunch boxes is growing with multiple weekly orders.
Potential is limitless. Currently open only 25 hours per week from 10:00 to 3:00 Monday through Friday with an occasional Saturday. The café can be open any time within the same hours as the hardware store (8:00 to 7:00 Monday through Saturday and 9:00 to 6:00 on Sundays). Easy six-figure income for an owner/operator business.
- Asking Price: $189,900
- Cash Flow: $94,000
- Gross Revenue: $284,000
- EBITDA: $94,000
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Owners own multiple businesses and are not able to give the café attention
The company was founded in 2020, making the business 2 years old.
The property is leased by the business for $1,917 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell businesses. However, the real factor and the one they say to you may be 2 completely different things. As an example, they may say "I have way too many various commitments" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may just be reasons to attempt to hide the reality of changing demographics, increased competition, current reduction in profits, or an array of various other reasons. This is why it is extremely essential that you not rely absolutely on a vendor's word, yet instead, use the vendor's answer combined with your general due diligence. This will paint an extra sensible picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses finance loans with the purpose of covering points such as inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that revenue margins are too thin. Numerous companies come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that have to be fulfilled or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area attract new clients? Often times, companies have repeat clients, which develop the core of their everyday revenues. Particular variables such as new competition sprouting up around the area, road building and construction, and also employee turnover can influence repeat consumers and negatively influence future revenues. One crucial point to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the higher the opportunity to build a returning consumer base. A last thought is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? How might the neighborhood average household earnings impact future revenue prospects?