Listing ID: 67599
Outstanding high profit Chinese and Sushi restaurant in busy West Springfield location. This restaurant earns over $20,000 in monthly income for the sellers and it only opens for 40 hours per week. And no, the reduced hours are not from the post covid era. they have been working this schedule for many years. This is an opportunity to own a highly rated consistent operation that has produced high income for more than a decade. For more information call Northern Virginia’s Number One Business Seller – Doug Jackson at (703) 898-0888.
- Asking Price: $360,000
- Cash Flow: $200,000
- Gross Revenue: $1,100,000
- EBITDA: N/A
- FF&E: $150,000
- Inventory: $10,000
- Inventory Included: N/A
- Established: 1990
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
Located in a busy shopping center on a major roadway. Well thought out kitchen and dining room areas
Seller will train as needed to ensure a seamless transition.
Seller wants a change and has decided to pursue other business interest.
The business was established in 1990, making the business 32 years old.
The transaction shall not include inventory valued at $10,000*, which ins't included in the requested price.
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell businesses. Nevertheless, the genuine factor and the one they tell you may be 2 totally different things. For instance, they may say "I have a lot of various responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these might simply be reasons to attempt to hide the reality of transforming demographics, increased competitors, current decrease in revenues, or a variety of other reasons. This is why it is very crucial that you not depend totally on a vendor's word, however instead, utilize the vendor's answer combined with your total due diligence. This will repaint a much more practical image of the business's existing circumstance.
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. Many companies borrow money so as to cover things like stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can imply that profit margins are too thin. Numerous businesses come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that should be satisfied or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract new consumers? Most times, operating businesses have repeat consumers, which develop the core of their everyday revenues. Certain variables such as brand-new competition growing up around the location, roadway building and construction, and also staff turn over can affect repeat consumers as well as adversely influence future incomes. One important thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business often, the higher the opportunity to build a returning client base. A last thought is the general location demographics. Is the business located in a largely populated city, or is it located on the edge of town? How might the neighborhood median household income effect future revenue prospects?