Last Revised: 10/3/19. Posting #: 10249125
Key Words: cafe, washington
Financial Info: Asking Price: $225,000. Annual Cash Flow (2018): $81,000. Revenue (2018): $923,137. FF&E: $147,333(included in asking price). Inventory: $5,000 (included in asking price). This business is on track to exceed 1 million in sales in 2019 and have Seller's discretionary earning of over $100,000.
Profile: This profitable restaurant has had a steady increase in sales and profit since its founding. It features spacious dining and outdoor seating areas. The kitchen is well planned and adaptable to grow catering business. Sales are on track to pass 1 million this year. Currently professionally managed, an onsite experienced owner operator could increase margins and profit by reducing food and labor costs.
The restaurant is currently serving breakfast and lunch with counter service, while dinner and brunch being full service. Expanding hours could add directly to the bottom line.
This is a fantastic opportunity to acquire a well-established restaurant that has nearly $150,000 in FF&E. You will be basically purchasing a restaurant with equipment less than five years old for $75,000 more than FFE value. On target to exceed $1M in sales for 2019 and cash flow of $125K based on first half of 2019.
Facilities: Newer facility with a large kitchen suitable for catering, spacious dining area and outdoor seating. Ample amount of windows producing natural lighting. Located on a main thoroughfare in Washington County seeing approximately 21,000 CPD. Lease options can extend lease until 2036.
Competition: This restaurant won multiple awards for being the best at its particular type of food. It has a unique dining concept and menu that has proven to be a winner to its competition
Growth & Expansion: This restaurant has many opportunities that can be discussed after a signed NDA. Examples include but are not limited to: expanding catering, adding a food truck & extending hours of operation. This concept would also be a candidate for franchising down the road. First six months of year indicates sales of over $1M and SDE of over $125K for 2019.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
Profile: Sugaer is a strategic business advisory firm that helps business owners start and grow great businesses, and exit at maximum value. Our firm works with organizations across the business lifecycle, positioning them to prosper over the long term. Expertise in growth/value building, M&A, due diligence.
Key Words: russell logan, sugaer, business intermediary, mergers and acquisitions intermediary, due diligence, consultant, value building, bakery, cafe
Profile: If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
Key Words: mike brewer, liquor license, liquor licenses, abc, license broker, liquor license brokers
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Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: Buyers often explore buying a franchise instead of an independent business because of certain benefits that come with doing so, however, choosing the right franchise to buy can be hard. With the number of franchises only growing this article helps business buyers select the right franchise for them.
Key Words: franchise, buying a business, business buyers, buying a franchise, spencer siegel
Profile: To prepare your business for sale, business owner sellers need to think like a buyer to reduce risks. John Byrne, CPA, Valuation Expert, and Due Diligence Advisor, shares three factors business owners need to address in order to maximize their business’s value at exit.
Key Words: valuation, business valuation, valuing a business, valuing your business, sell a business, selling a business, sell your business, sellers, john byrne
Profile: Underestimating the buying process for any business is a bad mistake to make, but it commonly happens with smaller, simpler businesses such as coffee shops. Conducting due diligence and a few other steps specific to coffee shops will help insure success. Spencer Siegel, BBN Facilitator Mgr explains.
Key Words: coffee, cafe, restaurant, due diligence, spencer siegel
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Profile: Determining a reasonable deposit and appropriate timeline for the various steps involved in a small business transaction can ultimately have a large impact on the sale of a business. BizBenNetwork Manager Jordan Green explains the important role that deposits play in a business’s sale.
Key Words: deposits, escrow, deposit, non-refundable deposit, purchase agreement, attorney, cpa, broker, brokers, buyers, buying a business, due diligence, deal structures, jordan green
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