Listing ID: 83752
A casual country-style restaurant that serves locally
sourced and sustainably raised meats & produce. 40 seats.
Seasonal cuisine partnering with local farmers and features local craft
beers, and wine selections to compliment your meal.
Also available: Coffee, Espresso, Tea, and a variety
of specialty drinks. Lots of foot traffic w/ some sidewalk patio seating.
• Serving farmhouse favorites and recipes
influenced by family roots in Denmark, Sweden,
and even Hugo, MN…
• A neighborhood favorite where friends & family can enjoy
a meal together – OR – choose Take-Away service via app.
- Asking Price: $125,000
- Cash Flow: N/A
- Gross Revenue: $680,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,500
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
2500 sf, 1 customer bathroom, full service commercial kitchen, 40 seats, some sidewalk patio seating
Negotiable, seller to provide training for smooth transition.
Due to health reasons
Freshly made w/ fresh locally grown ingredients, farm to table scratch kitchen
Opportunity to add catering, bakery, breakfast, and specialty items
The company was founded in 2017, making the business 5 years old.
The real estate is leased by the business for $2,500 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell operating businesses. However, the true reason and the one they say to you might be 2 entirely different things. As an example, they might state "I have a lot of other commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may simply be justifications to attempt to conceal the reality of altering demographics, increased competitors, recent reduction in earnings, or an array of other factors. This is why it is extremely vital that you not rely totally on a seller's word, but instead, use the seller's response along with your general due diligence. This will repaint a more practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies borrow money in order to cover items like supplies, payroll, accounts payable, and so on. Remember that occasionally this can indicate that revenue margins are too thin. Lots of companies fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that have to be met or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract new customers? Many times, companies have repeat clients, which create the core of their daily earnings. Specific aspects such as new competition growing up around the location, roadway building, and staff turn over can impact repeat customers as well as negatively influence future revenues. One essential thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business regularly, the higher the opportunity to develop a returning customer base. A last thought is the basic area demographics. Is the business located in a largely populated city, or is it situated on the edge of town? Just how might the neighborhood average family earnings impact future income potential?