Listing ID: 84173
Landmark coffee shop in picturesque seaside setting. Loyal customer base. The business serves sandwiches, cafe beverages , soups/salads and baked goods and operates year round in this desirable Cape Cod community. Over $2M in revenue with just 12 seats + outdoor seating! This is the highest per seat volume cafe restaurant in ALL OF CAPE COD an absolute machine! Ownership will train and help transition so no prior experience is required. This business has tremendous margins and still room to grow! Perfect for someone looking to retire to Cape Cod or add to their restaurant portfolio.
- Asking Price: $1,200,000
- Cash Flow: $503,000
- Gross Revenue: $2,682,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2004
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:964
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
little immediate competition
The business was founded in 2004, making the business 18 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell businesses. Nevertheless, the real reason vs the one they say to you may be 2 entirely different things. For instance, they might state "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may simply be excuses to attempt to conceal the reality of transforming demographics, increased competitors, current reduction in revenues, or a range of various other reasons. This is why it is very essential that you not rely completely on a seller's word, yet rather, use the seller's response in conjunction with your general due diligence. This will paint a much more practical image 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 need to consider this when valuating/preparing your offer. Lots of companies borrow money so as to cover points like supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can mean that profit margins are too small. Many companies come 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 might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that should be satisfied or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area attract brand-new consumers? Often times, companies have repeat customers, which develop the core of their daily earnings. Certain aspects such as brand-new competition growing up around the area, road building, and also staff turn over can impact repeat clients as well as adversely impact future revenues. One vital thing to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business regularly, the higher the chance to develop a returning client base. A final idea is the general location demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? How might the local average home earnings impact future revenue prospects?