Listing ID: 66826
Business Overview
This turn-key business with loyal customers supported the profitable during the COVID 19 shutdown thanks to fast-prep, takeout-ready menu and well-established relationships with popular delivery services like UberEats, DoorDash and Grubhub. High traffic location just minutes from highway intersection in an upscale shopping center and local stable businesses with an enviable 4.4-star Google Review profile!
Financial
- Asking Price: $299,000
- Cash Flow: $101,834
- Gross Revenue: $124,789
- EBITDA: $101,834
- FF&E: $152,720
- Inventory: $10,000
- Inventory Included: Yes
- Established: 2015
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,500
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
1 week
new endeavor
Additional Info
The venture was established in 2015, making the business 7 years old.
The sale shall include inventory valued at $10,000, which is included in the suggested price.
The business has 1 employees and is situated in a building with estimated square footage of 1,500 sq ft.
The property is leased by the business for $3,300 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell companies. However, the true factor and the one they say to you may be 2 absolutely different things. As an example, they may state "I have too many various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competition, current decrease in incomes, or a range of various other factors. This is why it is extremely essential that you not rely completely on a seller's word, yet rather, use the seller's answer in conjunction with your total due diligence. This will repaint a much more sensible picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses finance loans with the purpose of covering points such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can indicate that revenue margins are too small. Lots of organisations fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also 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 contracts with suppliers that have to be met or might lead to fines 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 consumers, which develop the core of their day-to-day earnings. Particular aspects such as new competition growing up around the area, road construction, and staff turn over can impact repeat consumers and adversely impact future earnings. One important thing to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business often, the greater the opportunity to build a returning customer base. A last idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the regional median home income impact future income potential?
