Business Overview

Newly renovated kabob restaurant in Lorton VA. This Lorton restaurant is fully furnished with all brand new furniture, fixtures and equipment. Currently a middle eastern kabob restaurant but can convert to fit most concepts. The current owner does not have time to watch over this location because he is too busy managing 4 other locations. Bring your own menu to this turn key restaurant!!

Price: $159,000
Rent: $4,000
Term: 10 years plus 5 year option
Size: 1,200sf
Seats: 35

Please inquire for more information.

Financial

  • Asking Price: $159,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Purpose For Selling:

Busy with other locations

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell operating businesses. However, the genuine factor vs the one they say to you might be 2 totally different things. As an example, they might claim "I have too many other commitments" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may just be reasons to try to hide the reality of transforming demographics, increased competitors, current reduction in earnings, or a variety of various other reasons. This is why it is really essential that you not depend absolutely on a vendor's word, yet rather, make use of the seller's response together with your total due diligence. This will repaint an extra realistic picture of the business's existing situation.

Existing Debts and Future Obligations

If the current entity is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Numerous businesses take out loans in order to cover things like stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can mean that profit margins are too tight. Many companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that must be fulfilled or may lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area bring in new customers? Many times, companies have repeat customers, which form the core of their daily profits. Particular elements such as brand-new competitors sprouting up around the location, road construction, and also staff turnover can affect repeat consumers and negatively influence future earnings. One vital thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business often, the better the possibility to develop a returning client base. A last thought is the basic location demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? Exactly how might the neighborhood typical home earnings impact future earnings prospects?