Listing ID: 66800
Business Overview
Home of the area’s favorite classics burgers, fries, milkshakes, deli sandwiches, corn dogs & more! This locally owned and operated restaurant is located in Pasco, Washington. They strive to serve you the best in comfort food in the quickest and friendliest manner possible. They buy as much as they can locally to help support the local community and frequently add new items to the menu to satisfy their growing repeat customer base. Strategically located off the freeway in an industrial area on a busy main street with easy access in and out. This high visibility location also keeps the building and landscape in tip-top shape. Plenty of parking and a wonderful drive-through for those who chose not to dine inside.
The $650,000 listing price includes both the Business and the Property.
Business listed at $175,000
Property listed at $475,000
Financial
- Asking Price: $650,000
- Cash Flow: $87,415
- Gross Revenue: $443,614
- EBITDA: N/A
- FF&E: $78,950
- Inventory: $12,000
- Inventory Included: Yes
- Established: N/A
retirement
Additional Info
The deal will include inventory valued at $12,000, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell companies. Nevertheless, the true reason vs the one they tell you may be 2 entirely different things. For instance, they might say "I have way too many other commitments" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may just be justifications to attempt to conceal the reality of changing demographics, increased competitors, current reduction in earnings, or a range of other factors. This is why it is extremely essential that you not depend absolutely on a seller's word, but instead, use the vendor's solution together with your total due diligence. This will paint a much more realistic picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money with the purpose of covering points such as inventory, payroll, accounts payable, and so on. Remember that in some cases this can imply that earnings margins are too tight. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that must be satisfied or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in new consumers? Often times, operating businesses have repeat clients, which form the core of their everyday earnings. Certain elements such as brand-new competitors growing up around the location, roadway building and construction, and also staff turn over can impact repeat clients and also adversely impact future incomes. One vital point to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the greater the possibility to develop a returning client base. A final thought is the basic location demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood average family income effect future income potential?
