Popular Breakfast-Lunch Restaurant & Bakery

Represented below is an opportunity that has been rigorously vetted and prepared for the sale process.  We are regularly working with many opportunities that are not yet on the market or are outside of the area.  For additional information, simply inquire via the contact link in the ad, or call the listing agent. 

  • Asking Price: $178,201
  • Gross Revenue: $1,455,001
  • EBITDA: N/A
  • FF&E: $60,257
  • Cash Flow: $1,455,001
  • Inventory: $21,010
  • Established: 2000

Business Description

Since 2000, this independent locally owned restaurant has been the locals go to place for big breakfasts, specialty fair trade coffee and famous baked goods made in house. A must-stop for visitors to the Treasure Valley and bustling with lines of locals, college students and generations of loyal customers. Serving over 89,000 breakfasts this year and counting, this business has been the anchor and cornerstone of a hip, bustling, up-and-coming downtown neighborhood that is surrounded by quality businesses, modern housing developments and new hotels.

An individual who is experienced in restaurant management, food service, hospitality industry or related complementary customer-centric businesses is an ideal candidate to purchase this business. Additionally, prior management/supervisory experience and a general business background would very helpful.

If you have management experience and 20% of the purchase price in cash (or in your IRA or 401k)* for a down payment, this business could be yours. The seller is willing to provide financing. *Note: There is no need to withdraw any funds from your IRA or 401k to purchase a business. There are special financing programs available that allow your use of retirement funds without taking a taxable distribution. Please contact the Business Intermediary listed in this document for a personal introduction to these resources.


Detailed Information

Location:
Ada County, ID
Inventory:
Included in asking price
Employees:
3 FT/42 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business operates in approximately 2, 250 square feet of retail space in a building owned by by the seller. The building is not for sale. A new lease will be executed. The following terms are anticipated: $18.00 per square foot plus triple net charges which include taxes and insurance.
Competition:
The company’s quality, value and authenticity has created strong relationships with employees,customers and neighbors. The company’s early and continued success is based on word-of-mouth advertising. Generally, the only complaints from customers are that portions are too big.
Growth & Expansion:
The company has a stable customer base with consistent cash flow. According to First Research, this industry is projected to grow at an annual compounded rate of 5% from 2019 to 2023.
Financing:
$125k down/$500k over 120 mos. @ 8%.
Support & Training:
Will train for 4 weeks @ $0 cost. This down home farm-style inspired restaurant serves up fresh food, scratch baked goods made in house and specialty fair trade and organic coffees from highest quality local Idaho roaster. The in house bakery serves over 50,000 scratch pastries a year and counting. Famous for giant biscuits and gravy, specialty quiches, egg scrambles with fresh cut fruit and those Idaho breakfast potatoes. Guests don’t leave hungry.
Reason for Selling:
Owner is ready to retire.
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