Listing ID: 84149
Tremendous opportunity with this name brand Cape Cod establishment. The sale includes multiple locations and real estate assets. Highly scalable brand showing excellent growth of 8% YOY. Projected revenue for 2021 is $5.6M.
The business offers a full service component with one location with seating for 100 indoors and additional outdoor seating. It also features two fast casual concepts with seating for 15 at one location and 44 at the other location. Real estate is available in addition to the asking price.
- Asking Price: $2,400,000
- Cash Flow: $550,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $250,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1989
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:60
- Furniture, Fixtures and Equipment:N/A
30 days with sale - consulting or longer term employment contract available thereafter
outside seating, catering , food truck
The company was started in 1989, making the business 33 years old.
The company has 60 employees and resides in a building with disclosed square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell operating businesses. However, the true reason and the one they tell you may be 2 entirely different things. For instance, they might state "I have a lot of various commitments" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might simply be justifications to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in incomes, or an array of other factors. This is why it is extremely important that you not count totally on a seller's word, however instead, utilize the seller's answer along with your total due diligence. This will paint an extra practical image of the business's existing situation.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses take out loans with the purpose of covering things like stock, payroll, accounts payable, etc. Bear in mind that occasionally this can mean that earnings margins are too thin. Lots of businesses fall into a revolving door of taking loans 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 equipment or the building where the business resides. The business may have existing contracts with suppliers that need to be fulfilled or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area draw in brand-new clients? Often times, operating businesses have repeat consumers, which form the core of their daily revenues. Particular aspects such as new competitors sprouting up around the location, road construction, and personnel turn over can influence repeat customers and adversely influence future profits. One vital point to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business often, the greater the chance to build a returning client base. A last idea is the basic area demographics. Is the business placed in a largely populated city, or is it located on the edge of town? Exactly how might the neighborhood typical family income influence future revenue prospects?