Listing ID: 83029
Sunbelt Business Brokers of Pensacola presents this fun and family friendly bistro and restaurant business for sale! Business has been in operation for over 5 years serving the local community all it’s favorite dishes. Restaurant offers a fun and attractive menu with a variety of options to fit everyone’s preference. Business is located off a busy main traffic highway in town and has excellent visibility from the road. Location can seat approximately 40 people. Hours can be expanded to increase revenue quickly. Business is primed for new ownership to take it to the next level. Current owner has health issues and has to sell. Seller will consider some owner financing for a qualified buyer with a proper down payment. Seller is motivated to sell and will seriously consider all reasonable offers. If you’re looking for a great deal to get into a restaurant this is your opportunity! Inquire today for more information on this fun family friendly restaurant before its sold!
- Asking Price: $125,000
- Cash Flow: N/A
- Gross Revenue: $180,000
- EBITDA: N/A
- FF&E: $200,000
- Inventory: $10,000
- Inventory Included: Yes
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,349
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The venture was started in 2017, making the business 5 years old.
The sale does include inventory valued at $10,000, which is included in the listing price.
The business has 0FT 4PT employees and resides in a building with disclosed square footage of 1,349 sq ft.
The real estate is leased by the company for $2,146 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell operating businesses. Nevertheless, the real reason vs the one they tell you might be 2 entirely different things. For instance, they might claim "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons stand. However, for some, these might just be reasons to try to hide the reality of transforming demographics, increased competitors, current decrease in incomes, or a variety of other factors. This is why it is really essential that you not rely entirely on a seller's word, however rather, utilize the seller's answer together with your general due diligence. This will repaint a more reasonable image of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses finance loans so as to cover items such as stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that revenue margins are too small. Many organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with 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 should be met or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract brand-new customers? Often times, companies have repeat customers, which develop the core of their everyday earnings. Specific variables such as new competitors sprouting up around the area, road building, and staff turn over can influence repeat clients and also adversely influence future revenues. One important point to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business often, the better the possibility to build a returning client base. A last idea is the general location demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? Just how might the regional mean household earnings impact future income prospects?