Listing ID: 84158
Tremendous opportunity to acquire a fully fit up thriving Cape Cod sports pub and family restaurant. This restaurant managed quite well through pandemic shut downs with their famous to-go menu. The restaurant offers 5500 SF space which was part of a seven figure renovation in 2013. Large kitchen with all new equipment, inviting bar and seating for 157. Sales food vs beverage is 80/20. Trade name excluded , bring your concept!
- Asking Price: $295,000
- Cash Flow: N/A
- Gross Revenue: $1,834,649
- EBITDA: N/A
- FF&E: $175,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:5,500
- Lot Size:N/A
- Total Number of Employees:20
- Furniture, Fixtures and Equipment:N/A
5500 SF, end cap retail plaza with large parking lot
Available 30 days with sale, consulting thereafter
Planning for retirement
challenging labor market (everywhere)
Outdoor seating, grow take out business
The business was founded in 2013, making the business 9 years old.
The business has 20 employees and is located in a building with approx. square footage of 5,500 sq ft.
The building is leased by the business for $6,500 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell companies. Nonetheless, the true reason vs the one they tell you might be 2 absolutely different things. As an example, they might say "I have way too many various obligations" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may simply be excuses to try to hide the reality of changing demographics, increased competitors, current reduction in profits, or a variety of other reasons. This is why it is very essential that you not depend completely on a vendor's word, yet rather, use the vendor's answer together with your general due diligence. This will paint an extra reasonable picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous operating businesses borrow money in order to cover items like stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can mean that revenue margins are too thin. Lots of companies come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise 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 contracts with suppliers that have to be fulfilled or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area bring in new clients? Most times, businesses have repeat clients, which develop the core of their everyday profits. Particular elements such as brand-new competition sprouting up around the area, roadway building, as well as employee turn over can affect repeat clients as well as negatively impact future revenues. One vital thing to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business often, the greater the possibility to develop a returning client base. A last thought is the general area demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? How might the neighborhood median household income effect future revenue prospects?