Listing ID: 64340
This well established restaurant and property for sale in East Alabama will start making you money on the first day you buy the business. This turnkey opportunity checks all the boxes when looking for a restaurant to purchase. This restaurant is an excellent opportunity for someone wanting to start in the restaurant business or someone wanting to expand their current business. This could be a move into a similar operation or a strongly associated business that could compliment a current business model into a new market or territory. The competition in the area is weak, the location is outstanding, and the cash flow and profitability is off the charts.. If you are looking for a well established, profitable, affordably priced opportunity, then you need to check out this business. .
- Asking Price: $980,000
- Cash Flow: $130,000
- Gross Revenue: $1,500,000
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $10,000
- Inventory Included: Yes
- Established: 2008
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:3,500
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
The restaurant and kitchen have recently been remodeled and a new floor installed. This building, kitchen and dining area are very attractive and immaculate. All Furniture, Fixtures, and Equipment are included in the sale. A list of assets will be provided to a serious buyer. The facility includes a private dining area and the entire dining area will seat 100 patrons and parking for up to 50 automobiles and an area for semi trucks or busses. (Home Based)
Seller available for 30 days of training and will offer consultation on a ongoing basis.
Has several business interests and is downsizing
Only one competitor in the market with a similar menu. This business dominates the family restaurant genre in the area.
The business does not currently sell alcohol, but a new owner could add for additional revenue. The catering business could be expanded as well as solicitation of private parties for the private dining area to increase sales.
This Business Is Home Based
The company was founded in 2008, making the business 14 years old.
The deal will include inventory valued at $10,000, which is included in the asking price.
The company has 12 employees and is situated in a building with approx. square footage of 3,500 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell operating businesses. Nevertheless, the genuine reason and the one they say to you might be 2 entirely different things. For instance, they might say "I have too many other responsibilities" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may just be justifications to attempt to conceal the reality of transforming demographics, increased competitors, recent reduction in profits, or a range of other factors. This is why it is really crucial that you not rely completely on a seller's word, but instead, make use of the seller's answer in conjunction with your total due diligence. This will paint a more practical picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses borrow money with the purpose of covering points such as supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that revenue margins are too thin. Numerous organisations fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that have to be met or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location attract new clients? Often times, operating businesses have repeat clients, which form the core of their everyday revenues. Specific aspects such as new competitors sprouting up around the location, roadway building, and staff turnover can impact repeat consumers and also negatively impact future incomes. One important thing to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business regularly, the greater the possibility to develop a returning consumer base. A final idea is the general location demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? Exactly how might the local mean house earnings effect future income potential?