Business Overview

Perfect Edmonds location with a very reasonable lease. Perfect for any concept. Seats 100 inside and 30 outside. Top of the line equipment features a class 1 hood and walk in .Seller has been in this location for over 20 years. Two dining rooms, one could easily convert into a bar.

Financial

  • Asking Price: $400,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1984

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,160
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Spacious kitchen, class 1 hood. Plenty of room for additional equipment if needed.

Is Support & Training Included:

seller will train

Purpose For Selling:

retiring and leaving the country

Opportunities and Growth:

could easily convert one dining room into a bar.

Additional Info

The business was established in 1984, making the business 38 years old.

The business has 2 employees and is situated in a building with disclosed square footage of 2,160 sq ft.
The real estate is leased by the company for $2,226 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals choose to sell businesses. However, the true factor and the one they say to you might be 2 absolutely different things. For instance, they may say "I have a lot of other commitments" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might simply be reasons to try to conceal the reality of altering demographics, increased competitors, current reduction in profits, or a variety of various other reasons. This is why it is very crucial that you not depend completely on a seller's word, but instead, utilize the vendor's response along with your total due diligence. This will repaint a much more realistic picture of the business's existing scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses borrow money in order to cover things like stock, payroll, accounts payable, etc. Remember that occasionally this can imply that earnings margins are too tight. Numerous businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that have to be satisfied or may cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location bring in brand-new customers? Many times, operating businesses have repeat customers, which develop the core of their everyday earnings. Specific factors such as brand-new competitors growing up around the area, roadway building and construction, and employee turn over can impact repeat customers and also adversely impact future profits. One crucial point to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business often, the higher the opportunity to build a returning consumer base. A final thought is the basic area demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? How might the neighborhood typical family earnings effect future income prospects?