Business Overview

Fast casual restaurant for sale in a high traffic shopping center located in Falls Church. This restaurant has been in business for 2 years but needs a new owner/operator with a better concept and menu. Large kitchen area with high end equipment and plenty of space to fit around 100 seats for customers. Liquor can be added. Great location. Bring your own concept/menu. Priced for quick sale.

Price: $59,000
Rent: $14,300
Size: 3,200sf
Term: 5 years plus 2/5 year options
Seats: 99

Financial

  • Asking Price: $59,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2020

Detailed Information

  • 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

Additional Info

The venture was started in 2020, making the business 2 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals choose to sell businesses. However, the real reason vs the one they say to you might be 2 completely different things. As an example, they might claim "I have too many various obligations" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might simply be excuses to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in earnings, or a variety of other reasons. This is why it is extremely essential that you not count absolutely on a vendor's word, yet rather, make use of the vendor's response along with your total due diligence. This will paint a more sensible image of the business's current circumstance.

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 borrow money so as to cover items such as supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can suggest that profit margins are too small. Numerous businesses 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 commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that must be fulfilled or may lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area draw in brand-new customers? Often times, operating businesses have repeat clients, which form the core of their day-to-day revenues. Certain elements such as brand-new competitors sprouting up around the location, roadway building, and employee turn over can influence repeat clients and also adversely impact future incomes. One essential thing to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business regularly, the better the opportunity to construct a returning consumer base. A last idea is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? How might the neighborhood median house income impact future income prospects?