Listing ID: 66808

Business Overview

This well-established Asian cuisine restaurant has been serving the Spokane Valley community for over 15 years. Their commitment to customer service, freshest ingredients, and high-quality standards have made them the number one go-to restaurant for authentic Asian cuisine. Key points: Busy location, reasonably priced menu, loyal customer base, large growth potential, and low competition. The seller is looking to retire and will assist the new buyer during the transition.

Financial

  • Asking Price: $475,000
  • Cash Flow: $209,018
  • Gross Revenue: $691,390
  • EBITDA: N/A
  • FF&E: $104,961
  • Inventory: $6,000
  • Inventory Included: Yes
  • Established: 2005

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
Is Support & Training Included:

2 weeks

Purpose For Selling:

retirement

Additional Info

The business was started in 2005, making the business 17 years old.
The deal does include inventory valued at $6,000, which is included in the asking price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people resolve to sell companies. Nevertheless, the real factor and the one they say to you may be 2 entirely different things. As an example, they might state "I have too many various commitments" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may just be reasons to attempt to hide the reality of altering demographics, increased competition, current decrease in incomes, or a range of other factors. This is why it is really essential that you not depend absolutely on a vendor's word, but rather, use the seller's response together with your overall due diligence. This will paint a much more practical picture of the business's existing situation.

Existing Debts and Future Obligations

If the current company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses finance loans with the purpose of covering things like inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can indicate that revenue margins are too small. Many organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that have to be satisfied or may result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area draw in new consumers? Most times, companies have repeat consumers, which form the core of their everyday earnings. Particular aspects such as brand-new competitors sprouting up around the area, road building and construction, as well as employee turnover can influence repeat consumers as well as negatively affect future profits. One important point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business regularly, the higher the possibility to build a returning consumer base. A final idea is the general area demographics. Is the business situated in a densely populated city, or is it located on the edge of town? Just how might the regional mean family earnings influence future revenue potential?