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ACQUISITION
OPPORTUNITY F-1747
Five-day
a week Restaurant
This is a well-known popular downtown coffee shop/ luncheonette that
operates Monday thru Friday and serves only breakfast (20% of sales)
and lunch (80%). A
restaurant has operated in this location for over four decades, which
bodes well for this investment. The
current owner spends approximately six hours per week overseeing this
operation.
HIGHLIGHTS:
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No Weekends;
Monday – Friday Only
·
Short Hours;
Breakfast and Lunch Only
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Location!
Location! Location!- Captive Market
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Well Established
Location- 40+ Years
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Attractive
Facility- Refurbished 3 years ago
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Well Equipped-
Efficient Layout- 3,100 S.F.; 88 Seats
·
Opportunities for
Additional Income
·
65% Dine-In; 35%
Carry-Out
PURCHASE PRICE:
The business is being sold on an asset sale basis free and clear of any
debt. The asking price is
$150,000. The owner will
finance $100,000 of the purchase price for a qualified buyer
FINANCIAL SUMMARY:
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Income Statement
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Assets
Included in the Sale
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2002
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2001
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2000
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Sales
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364,346
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345,125
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336,185
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Inventory
(cost)
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6,500
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Equipment
(est. fmv)
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75,000
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ACF
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49,886
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49,611
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39,671
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Goodwill
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ACF
(Adjusted Cash Flow) is the pretax cash flow of the company prior to
expenses of seller’s salary, depreciation, and certain seller
discretionary expenses that will be eliminated upon the sale of the
business.
ACF
= net profit + seller salary + depreciation + seller discretionary
expenses.
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