Business Overview

Established, eight-year-old restaurant profitable from year one. Owner-absentee, recession/pandemic proof. Annual sales are close to $1million. Located just northeast of Dallas, .This is a turn-key business opportunity with an excellent, experienced GM, little to no competition, and a loyal customer base.

Financial

  • Asking Price: $585,000
  • Cash Flow: $203,000
  • Gross Revenue: $929,167
  • EBITDA: N/A
  • FF&E: $130,152
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 2013

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:6,300
  • Lot Size:N/A
  • Total Number of Employees:12
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Free Standing Building - Seller will rent building to Buyer

Is Support & Training Included:

14 days

Purpose For Selling:

approaching retirement

Pros and Cons:

THE highest end restaurant in the area with little to no competition - only pizzerias nearby.

Opportunities and Growth:

Consistent performer with lots of upside, parking is plentiful, private party and outside dining spaces.

Additional Info

The company was founded in 2013, making the business 9 years old.

The company has 12 employees and is situated in a building with disclosed square footage of 6,300 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell businesses. However, the genuine reason vs the one they say to you might be 2 totally different things. For instance, they may say "I have too many other obligations" or "I am retiring". For many sellers, these factors stand. However, for some, these may simply be reasons to try to hide the reality of changing demographics, increased competitors, recent decrease in earnings, or a range of other reasons. This is why it is extremely essential that you not depend totally on a seller's word, but instead, use the vendor's answer along with your general due diligence. This will paint an extra practical picture of the business's existing situation.

Existing Debts and Future Obligations

If the current business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Lots of businesses finance loans with the purpose of covering items such as stock, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that revenue margins are too tight. Lots of businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that should be fulfilled or may lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area bring in brand-new clients? Often times, companies have repeat customers, which create the core of their day-to-day revenues. Certain factors such as brand-new competition growing up around the location, roadway building, as well as employee turnover can impact repeat customers as well as adversely affect future profits. One vital point to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the higher the opportunity to develop a returning client base. A final thought is the general location demographics. Is the business located in a densely populated city, or is it located on the edge of town? How might the regional mean family earnings impact future earnings prospects?