Listing ID: 82649
• Is a connecting place for small town
• Is a cozy restaurant and bakery
• Creates a fun way to make a good living
• Has a loyal customer base
Live in a small town in Paradise Valley Montana and own this cute restaurant. With comfortably spaced “garden” seating, this business proved to be COVID-proof with increased revenues in 2020. Closed evenings and Sundays; New owner could enjoy the more relaxed hours or expand hours for more income.
Family dining with a simple menu. Recipes go with business. Ideal owner, likes to serve with a smile, has business skills, and restaurant experience.
- Asking Price: $100,000
- Cash Flow: $113,140
- Gross Revenue: $282,133
- EBITDA: N/A
- FF&E: $12,870
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Great commercial space. Cozy, and cost efficient. Allowed for comfortable social distancing without a reduction in revenues during COVID.
Will train for 4 weeks @ $0 cost. Restaurant experience, and general business experience strongly desired. Business license, health license and safe-serve training easily obtained by buyer.
Staying open during COVID while other restaurants closed allowed this business to further establish a loyal customer base. There is also a net migration to the area, increasing population.
Marketing, deliveries, and expanding hours should be easy ways to increase revenue of this already profitable business.
The business was founded in 2010, making the business 12 years old.
The transaction shall include inventory valued at $5,000, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell companies. Nonetheless, the true factor vs the one they tell you might be 2 absolutely different things. For instance, they might claim "I have too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. But also, for some, these might just be excuses to try to conceal the reality of altering demographics, increased competition, recent reduction in incomes, or an array of other reasons. This is why it is extremely essential that you not count totally on a seller's word, but instead, make use of the seller's response combined with your overall due diligence. This will repaint a more practical image of the business's existing situation.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies finance loans so as to cover items like inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can mean that profit margins are too small. Many organisations fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally 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 vendors that must be satisfied or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in new clients? Many times, operating businesses have repeat clients, which form the core of their daily earnings. Specific aspects such as new competition sprouting up around the area, roadway building and construction, and personnel turn over can impact repeat clients and negatively affect future profits. One essential point to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business on a regular basis, the better the chance to build a returning client base. A final idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? How might the neighborhood median house earnings effect future earnings potential?