Business Overview

We are pleased to offer this very busy, high-end Mediterranean restaurant with an absolutely outstanding location.

Sales over $75,000 per month
High Owner Income of $250,000
Seating 104
12 Trained Employees
Surrounded by Commercial & Residential
Super Busy Street

For more information call Northern Virginia’s Number One Business Seller – Doug Jackson at 703-898-0888.

Financial

  • Asking Price: $650,000
  • Cash Flow: $250,000
  • Gross Revenue: $1,000,000
  • EBITDA: N/A
  • FF&E: $200,000
  • Inventory: $7,500
  • Inventory Included: N/A
  • Established: 1992

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,500
  • Lot Size:N/A
  • Total Number of Employees:12
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Seller will provide thorough training.

Purpose For Selling:

Seller has other interest he wishes to pursue

Additional Info

The business was founded in 1992, making the business 30 years old.
The deal doesn't include inventory valued at $7,500*, which ins't included in the asking price.

The company has 12 employees and is located in a building with disclosed square footage of 2,500 sq ft.
The real estate is leased by the business for $13,000 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals resolve to sell businesses. Nevertheless, the genuine reason and the one they tell you might be 2 entirely different things. As an example, they may state "I have a lot of other obligations" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might just be excuses to try to hide the reality of transforming demographics, increased competition, current reduction in incomes, or a range of other factors. This is why it is very crucial that you not rely completely on a vendor's word, yet instead, utilize the vendor's response along with your overall due diligence. This will paint a more realistic image of the business's current circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses take out loans so as to cover items such as supplies, payroll, accounts payable, and so on. Remember that sometimes this can indicate that profit margins are too thin. Numerous organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that have to be met or might cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area attract new customers? Most times, companies have repeat customers, which develop the core of their everyday revenues. Particular variables such as brand-new competition growing up around the area, roadway building, as well as personnel turnover can impact repeat clients as well as negatively affect future incomes. One crucial thing to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the higher the opportunity to build a returning consumer base. A final thought is the basic area demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? How might the neighborhood mean house income impact future income prospects?