Listing ID: 67610
Formerly a pub, now a Indian Restaurant. Great for any cuisine. Seats 125 inside 16 outside. Has main level seating and upstairs bar area. Liquor license with late hours. For more information call Northern Virginia’s Number One Business Seller – Doug Jackson at 703-898-0888.
- Asking Price: $125,000
- Cash Flow: N/A
- Gross Revenue: $480,000
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $7,500
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
The business was started in 2015, making the business 7 years old.
The transaction won't include inventory valued at $7,500*, which ins't included in the requested price.
The business has 5 employees and resides in a building with estimated square footage of 3,000 sq ft.
The real estate is leased by the business for $12,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell operating businesses. Nonetheless, the genuine factor and the one they tell you might be 2 completely different things. For instance, they may state "I have too many other commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may just be justifications to attempt to conceal the reality of altering demographics, increased competitors, recent decrease in profits, or an array of various other factors. This is why it is really vital that you not count completely on a seller's word, yet rather, utilize the vendor's solution together with your general due diligence. This will paint a more sensible picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of companies borrow money so as to cover things such as stock, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that revenue margins are too thin. Lots of companies fall 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 obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that need to be satisfied or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in new clients? Most times, companies have repeat consumers, which develop the core of their day-to-day earnings. Particular elements such as new competition sprouting up around the location, road building and construction, and also staff turn over can impact repeat clients as well as negatively influence future incomes. One vital thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business on a regular basis, the greater the opportunity to build a returning client base. A last thought is the general location demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? Just how might the regional average household income effect future earnings potential?