Listing ID: 67641
Restaurant & bar for sale on Connecticut Ave NW Washington DC. Great location to fit almost any menu and concept. Fully built out with large kitchen, top of the line equipment, furniture and fixtures. Over 100 seats as well as a full service bar. 5 star google reviews. This is a must see for anyone looking to open a full service restaurant & bar. The current owner is moving and must sell his business.
Cash Flow: $150,000
Term: 5 years with 5 year option
Size: 4,690 sf
- Asking Price: $79,000
- Cash Flow: $150,000
- Gross Revenue: $740,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The business was started in 2013, making the business 9 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell operating businesses. Nonetheless, the genuine reason and the one they say to you might be 2 totally different things. For instance, they might say "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may just be reasons to attempt to hide the reality of changing demographics, increased competition, current decrease in earnings, or an array of other factors. This is why it is very crucial that you not count entirely on a vendor's word, yet rather, use the vendor's response along with your total due diligence. This will paint an extra reasonable picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses borrow money with the purpose of covering points like inventory, payroll, accounts payable, so on and so forth. Remember that occasionally this can mean that revenue margins are too small. Lots of businesses fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that must be satisfied or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract new customers? Most times, companies have repeat consumers, which develop the core of their day-to-day earnings. Specific factors such as brand-new competitors sprouting up around the location, roadway building, and employee turn over can influence repeat consumers and also adversely impact future earnings. One crucial thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business regularly, the greater the possibility to build a returning consumer base. A final idea is the basic area demographics. Is the business situated in a largely populated city, or is it located on the edge of town? How might the regional median home income influence future income prospects?