Business Overview

This is a Turn Key Business located in a high traffic, growing area with lots of walk-in customers and very easy access to 405 Freeway, Microsoft & Google campuses. Neighborhood is very supportive and loyal. Current owners have done a great job in building this business from the ground up and serve a great variety of craft beers, mixed drinks and home-style sandwiches, salads, and hot dogs. Draft system consists of 25 taps. Business is located on the corner with big windows and patio seating. There is lots of opportunity for new owners to grow the business by expanding the food menu and business hours. Current business is operating at reduced hours and only open 5 days a week. Opening more days and expanding hours will have a positive impact to sales.

Financial

  • Asking Price: $140,000
  • Cash Flow: $3
  • Gross Revenue: $397,953
  • EBITDA: $2
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2015

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,301
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Owners will train

Purpose For Selling:

New Opportunities / Time to Change

Opportunities and Growth:

This business opening only 5 days partial hours. Increased hours will enhance sale.

Additional Info

The company was started in 2015, making the business 7 years old.

The business has 2 P/T employees and is situated in a building with disclosed square footage of 2,301 sq ft.
The property is leased by the business for $7,224.62 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell businesses. Nonetheless, the genuine reason vs the one they say to you may be 2 entirely different things. For instance, they might say "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might just be excuses to try to hide the reality of transforming demographics, increased competition, current decrease in earnings, or a range of other factors. This is why it is really essential that you not rely entirely on a seller's word, however instead, make use of the vendor's solution along with your overall due diligence. This will paint a more sensible picture of the business's present circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses finance loans so as to cover items such as inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can imply that profit margins are too small. Many organisations fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that must be fulfilled or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area draw in brand-new clients? Many times, operating businesses have repeat consumers, which create the core of their day-to-day earnings. Specific variables such as new competition sprouting up around the area, roadway building, and also staff turnover can influence repeat clients and negatively impact future earnings. One crucial thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business regularly, the better the opportunity to construct a returning client base. A final thought is the general area demographics. Is the business located in a densely populated city, or is it located on the outskirts of town? How might the local average house income effect future earnings potential?