Premier Caribbean Restaurant and Bakery

FL

Premier Caribbean Restaurant and Bakery
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $3,800,000

EBITDA: $265,000

FF&E: N/A

Inventory: N/A

Established: 1992

Premier Caribbean Restaurant and Bakery

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Business Description

Founded in 1992, this Bakery is a family-owned Caribbean bakery and restaurant that offers traditional Caribbean cuisine and baked goods to customers. The business has built a reputation as a go-to destination for authentic Caribbean cuisine in the area. It offers breakfast, lunch, and dinner; through prepared foods, baked goods, beverages, catering, grocery, and a food truck. The business relies on its strong reputation for providing quality food and excellent customer service, which has resulted in a strong rate of repeat business and word-of mouth advertising. Management estimates approximately 95% of total revenue is generated from returning customers. Additionally, the Company’s website, provides information including location, menus, special events, photos, and the website makes online ordering easy.

Detailed Information

Employees:
33
Facilities:
The Company operates from three locations in Florida, the first location was opened in 1992 and is 945 square feet, the second location was opened in 1999 and is 7,500 square feet, the third was opened in 2008 and comprises 2,000 square feet. All locations are leased from an unrelated third party at the fair market rate.
Competition:
Diversified Customer Base: No single customer accounted for more than 1% of revenue during the historical period. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account. Superior Name and Reputation: The Company enjoys a long-standing reputation for its focus on providing high quality food and service. Management attributes its success to its strong reputation and dedication to serving, which allows the Company to grow its revenue through repeat customers and customer referrals.
Growth & Expansion:
Strong Historical Sales Growth: The Company's sales have grown each year during the historical period, from $2.4 million in 2016 to $3.2 million in 2018, representing a compound annual growth rate of 16.0%. Strong Balance Sheet: The Company’s current ratio as of December 31, 2018 was 1.3, a strong current ratio is an indication of Ponce’s ability to meet short term liability needs.
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Mario Dieckmann

Business Listed By:
Mario Dieckmann

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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