Listing ID: 66674

Business Overview

Prime Location Perry District Restaurant and Bar
Successfully Operating Since 2012
2,154 SF on Main Floor Plus Basement and Patio
Attractive Lease Terms
Beautifully Designed Dining Room and Bar
Keep the Well Established Name or Bring Your Own Concept
Neighbors Include South Perry Lantern, South Perry Pizza, The
Shop and Perry Street Brewing

Financial

  • Asking Price: $350,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2012

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A

Additional Info

The venture was established in 2012, making the business 10 years old.

The real estate is leased by the business for $0.00

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals resolve to sell businesses. Nonetheless, the true reason vs the one they say to you might be 2 totally different things. For instance, they may say "I have way too many various obligations" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might simply be excuses to attempt to hide the reality of transforming demographics, increased competition, recent reduction in earnings, or a range of other factors. This is why it is very important that you not depend totally on a seller's word, yet instead, use the seller's response together with your overall due diligence. This will paint an extra realistic picture of the business's present circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Many companies finance loans in order to cover items like stock, payroll, accounts payable, etc. Remember that occasionally this can mean that earnings margins are too thin. Lots of companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally 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 need to be satisfied or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area bring in brand-new customers? Often times, businesses have repeat clients, which form the core of their everyday profits. Particular variables such as new competition sprouting up around the area, road construction, and employee turn over can impact repeat customers as well as adversely affect future revenues. One important point to take into consideration 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 regularly, the better the possibility to develop a returning consumer base. A final thought is the basic location demographics. Is the business located in a densely populated city, or is it located on the outside border of town? Exactly how might the neighborhood mean home earnings effect future earnings prospects?