Listing ID: 67509
The business has an upscale look and fits well with the affluent and diverse demographics of Fairfax County. It offers excellent immediate access to and from one of the primary commuting highways in the area as well as surrounded by large residential communities. The owner offers Peruvian-style chicken with variety dishes, sides and drinks. Fully equipped kitchen with hood.
Great restaurant for an owner operator or restaurant expansion.Ample amount of parking space as it is located in a strip center.This well-established restaurant offers a highly attractive investment for a motivated buyer for the price of its tangible assets.
- Asking Price: $299,000
- Cash Flow: $180,000
- Gross Revenue: $900,000
- EBITDA: N/A
- FF&E: $10,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: N/A
The sale shall include inventory valued at $5,000, which is included in the suggested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell businesses. Nevertheless, the real reason vs the one they tell you might be 2 totally different things. As an example, they may claim "I have too many other responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might just be excuses to try to conceal the reality of altering demographics, increased competition, recent reduction in revenues, or an array of various other reasons. This is why it is very vital that you not depend entirely on a seller's word, yet rather, make use of the seller's answer combined with your general due diligence. This will paint a more practical picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Numerous businesses take out loans with the purpose of covering points such as stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can suggest that profit margins are too small. Numerous businesses come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that should be met or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract new customers? Most times, operating businesses have repeat customers, which develop the core of their everyday revenues. Particular elements such as new competition growing up around the area, road building, and also personnel turn over can influence repeat consumers and negatively impact future revenues. One essential point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the higher the opportunity to build a returning consumer base. A last idea is the basic location demographics. Is the business located in a densely populated city, or is it located on the edge of town? How might the regional average family income influence future income potential?