Listing ID: 64409
So much more room to grow the business!
Currently, 100% of the owner’s profit is coming from only doing to-go food. Think about how much more you can maximize your profit if you open dining and start serving wings beside seafood in a highly-populated black and Hispanic community. please call now~ opportunity is yours to take!
Price: $410,000 (Business Only)
- Asking Price: $410,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell businesses. However, the true factor and the one they tell you may be 2 entirely different things. As an example, they might say "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might just be excuses to try to conceal the reality of transforming demographics, increased competitors, current reduction in revenues, or an array of various other reasons. This is why it is really vital that you not depend absolutely on a seller's word, yet instead, make use of the seller's answer combined with your total due diligence. This will paint a more realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies finance loans in order to cover points such as inventory, payroll, accounts payable, and so on. Keep in mind that in some cases this can suggest that revenue margins are too thin. Lots of businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that have to be fulfilled or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location bring in new customers? Most times, operating businesses have repeat clients, which create the core of their day-to-day revenues. Particular variables such as brand-new competitors sprouting up around the area, roadway construction, and staff turnover can impact repeat customers and also negatively affect future revenues. One essential thing to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business on a regular basis, the higher the chance to construct a returning customer base. A final thought is the general location demographics. Is the business located in a densely populated city, or is it situated on the edge of town? How might the local typical family income effect future revenue potential?