Listing ID: 83051
Sunbelt Business Brokers of Pensacola presents this popular fast casual restaurant business for sale in Escambia County Florida! Restaurant has been in operation for almost 5 years and has a great reputation. Restaurant specializes in some of the latest food trends and draws in consistent crowds. Store occupies a leased space of approximately 1,400sqft in a buys strip shopping center right off a major high traffic highway in town. Store has great visibility and plenty of parking for customers coming and going throughout the day.
Owner has decided to sell to pursue other business interests. Seller will help train and transition new owner. Contact us for more information today on this busy fast casual restaurant before its gone. Come by meet the owner, taste the delicious food today and enjoy the relaxed atmosphere. Be impressed and make an offer today!
- Asking Price: $225,000
- Cash Flow: $85,000
- Gross Revenue: $504,000
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $20,000
- Inventory Included: Yes
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,400
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
The venture was established in 2017, making the business 5 years old.
The transaction does include inventory valued at $20,000, which is included in the requested price.
The business has 1FT 10PT employees and resides in a building with estimated square footage of 1,400 sq ft.
The property is leased by the business for $1,920 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell operating businesses. Nonetheless, the genuine reason vs the one they tell you might be 2 absolutely different things. For instance, they might state "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might just be excuses to attempt to conceal the reality of changing demographics, increased competition, recent reduction in incomes, or a variety of other reasons. This is why it is very important that you not rely absolutely on a seller's word, yet instead, utilize the seller's solution in conjunction with your total due diligence. This will repaint an extra reasonable image of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses borrow money with the purpose of covering things such as inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can imply that earnings margins are too small. Lots of businesses come 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 obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that need to be met or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location draw in new customers? Many times, businesses have repeat clients, which develop the core of their day-to-day revenues. Certain elements such as new competition sprouting up around the location, roadway building, and also personnel turnover can influence repeat clients and negatively influence future incomes. One essential point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business on a regular basis, the higher the opportunity to construct a returning client base. A final thought is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? Just how might the local typical household earnings impact future earnings potential?