Business Overview

Turn key, profitable Just Poke Restaurant for sale. Be part of a successful and fast growing casual Hawaiian poke franchise. Multiple existing locations to choose from. Not an area you are looking for? You can purchase the franchise and open a Just Poke in the area that you are interested in with the approval of the franchisor.

Financial

  • Asking Price: $225,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
About The Facility:

Just Poké is a healthy local poke chain in the Pacific Northwest, with numerous locations all throughout western Washington. Just Poké uses only sustainably sources fish of the highest quality available. They partner with local suppliers for their produce to ensure freshness with a keen awareness of overall environmental impact. Each bowl starts off with a base of either rice, greens or zoodles, which is then topped with 2 to 3 delicious proteins such as salmon, tuna, or shrimp. Customers can then add sauce, mix-ins and toppings to their bowl to customize their meal. Just Poké was started by two boys born and raised in Seattle after being inspired by the poke in Hawaii. When they made the decision to open our first location, we had one theme in mind: Give More. They set out to run our business the right way. From vendors and partners, to their employees and customers, they decided to put people first. They turned away big national players with lower prices, preferring instead to partner with local vendors. In constructing their stores, they used recycled materials, energy efficient lighting and low VOC paint. They decided against cheap plastic inventory that was bad for the environment and pursued materials that were biodegradable and compostable.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals decide to sell businesses. However, the genuine reason vs the one they tell you might be 2 completely different things. As an example, they might state "I have too many other obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might simply be justifications to attempt to hide the reality of changing demographics, increased competitors, recent reduction in earnings, or an array of various other reasons. This is why it is really essential that you not count absolutely on a seller's word, yet instead, utilize the vendor's response along with your overall due diligence. This will repaint an extra reasonable image of the business's current circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Lots of businesses borrow money with the purpose of covering points like inventory, payroll, accounts payable, etc. Bear in mind that in some cases this can suggest that revenue margins are too thin. Many businesses fall into 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 consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that should be satisfied or might cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location attract new customers? Most times, operating businesses have repeat customers, which develop the core of their daily revenues. Particular aspects such as new competition growing up around the location, road building and construction, as well as employee turn over can influence repeat customers as well as negatively impact future revenues. One vital thing to consider is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business regularly, the higher the chance to develop a returning consumer base. A last idea is the basic area demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? How might the neighborhood median home earnings influence future revenue potential?