Listing ID: 67612
An established authentic full-service Indian restaurant with full-service bar. The restaurant is a fine dine-in family restaurant providing the buffet, to-go, banquet, catering, and hosting group parties. A highly rated and well-established cuisine in the area. The menu offers signature dishes from all five states of India, reflecting each of their distinct flavors including vegetarian & non-vegetarian dishes. The restaurant features a large dining area, buffet setup, and Bar. An extremely experienced chef in the restaurant and hospitality industry with unique recipes for specialized taste. The asking price for the business is $500,000 which includes very high-end furniture, carpet, ceiling decor, and bar.
The restaurant has AMAZING REVIEWS ON FACEBOOK/YELP/GOOGLE! Have a very loyal and supportive client base of approximately 5000 south Asian families in an 8-mile radius, huge office and commercial complexes nearby, and high visibility with multiple other kind of restaurants in the complex.
Yearly Revenue – 1.44 Million.
Serious buyers only. NDA is strictly enforced, and no visit is allowed without a prior appointment with the owner.
Please contact the agent for an appointment.
- Asking Price: $475,000
- Cash Flow: $320,000
- Gross Revenue: $1,370,000
- EBITDA: N/A
- FF&E: $120,000
- Inventory: $3,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,400
- Lot Size:N/A
- Total Number of Employees:14
- Furniture, Fixtures and Equipment:N/A
Highly reputed and specialized menu. Recently upgraded, highly upscale interior
The deal will include inventory valued at $3,000, which is included in the asking price.
The business has 14 employees and is situated in a building with approx. square footage of 2,400 sq ft.
The building is leased by the business for $6,800 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell businesses. However, the true factor vs the one they tell you may be 2 entirely different things. As an example, they may state "I have a lot of other commitments" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may just be reasons to attempt to hide the reality of altering demographics, increased competition, recent reduction in earnings, or an array of various other factors. This is why it is really essential that you not count totally on a vendor's word, yet rather, make use of the vendor's solution combined with your overall due diligence. This will paint a much more reasonable picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Many businesses finance loans so as to cover points like supplies, payroll, accounts payable, etc. Keep in mind that occasionally this can indicate that profit margins are too small. Lots of organisations fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations 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 must be met or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in brand-new consumers? Most times, operating businesses have repeat customers, which create the core of their everyday earnings. Particular aspects such as new competition sprouting up around the location, road construction, and employee turnover can impact repeat consumers and also adversely affect future incomes. One crucial thing to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Obviously, the more individuals that see the business on a regular basis, the better the possibility to develop a returning client base. A last idea is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Exactly how might the neighborhood mean house earnings impact future income potential?