Listing ID: 67702
Popular sushi and Japanese restaurant for sale on a high traffic road in Herndon VA. Beautifully built out with a large sushi bar, updated furniture and fixtures. As well as the sushi bar this location has a full service bar stocked with Japanese beers, liquor and wine. With hundreds of 5 star google & yelp reviews this restaurant has been a favorite to residents and businesses in the surrounding area. This is a turn key restaurant ready for a new owner. Can Convert. Owner forced to sell due to health issues.
Term: 5 years with option
- Asking Price: $120,000
- Cash Flow: N/A
- Gross Revenue: $450,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2017
- 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 founded in 2017, making the business 5 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell businesses. Nonetheless, the true factor and the one they say to you might be 2 entirely different things. For instance, they may claim "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might simply be justifications to attempt to conceal the reality of transforming demographics, increased competition, current decrease in revenues, or a variety of various other reasons. This is why it is extremely vital that you not count completely on a vendor's word, yet rather, use the seller's solution in conjunction with your general due diligence. This will repaint an extra practical image of the business's present scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies take out loans in order to cover things such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can suggest that revenue margins are too tight. Numerous companies come under 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 structure where the business resides. The business may have existing contracts with suppliers that need to be satisfied or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in new consumers? Many times, companies have repeat consumers, which create the core of their everyday profits. Particular elements such as new competitors growing up around the location, road building and construction, and also personnel turnover can influence repeat clients and also adversely affect future profits. One essential point to consider is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business often, the better the opportunity to build a returning client base. A final thought is the basic location demographics. Is the business situated in a largely inhabited city, or is it located on the outskirts of town? Just how might the neighborhood average family earnings influence future earnings potential?