Listing ID: 67381
This is your opportunity to get into a well-maintained, well-staffed, ongoing restaurant operation with high sales & high cash flow. Get into a polished concept where you can leave it the same, or add your own inspired tweaks.
Why spend the time and energy building up when you can step into a strong operation from day one and start making money right away?
- Asking Price: $599,000
- Cash Flow: $237,946
- Gross Revenue: $1,563,112
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
This restaurant layout is uniquely situated to prosper even with social distancing and reduced capacity. The well-equipped kitchen areas and multiple bars complement the beautifully renovated dining areas. There are spaces for private parties and outdoor dining, as well.
The restaurant is fully staffed and can support ongoing operations without the owner involved, and seller will provide a transition period and ongoing support as necessary to facilitate a smooth transition.
To focus on other ongoing operations
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell businesses. Nevertheless, the true reason and the one they say to you may be 2 entirely different things. For instance, they might say "I have too many other commitments" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may simply be excuses to attempt to hide the reality of changing demographics, increased competitors, recent decrease in earnings, or a variety of other factors. This is why it is extremely crucial that you not count entirely on a vendor's word, however rather, make use of the vendor's response in conjunction with your overall due diligence. This will paint an extra reasonable image of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Numerous businesses finance loans in order to cover things like supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can mean that earnings margins are too tight. Many organisations come 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 commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that must be met or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in new customers? Often times, businesses have repeat clients, which create the core of their daily revenues. Specific variables such as brand-new competition growing up around the area, roadway building, and employee turn over can affect repeat clients as well as negatively affect future incomes. One essential point to think about is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business on a regular basis, the greater the possibility to build a returning customer base. A last idea is the basic area demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? How might the neighborhood typical home income influence future income potential?