Business Overview

Well-developed Seafood Restaurant operating only 5-days a week with huge opportunity for growth is available for acquisition. This business was first established in 2015 and later relocated to the current facility in 2017 by the current owner of the business. The facility this business is housed in is a 3,013 SF Stand-Alone building with ample parking and high visibility from both sides of the road. A well-mix of demographics from the local area that consists of many families are the typical customers that make the customer base for this business. Competition can be expected for this industry, but the owner of the business competes by providing very competitive price points for their menu and locally sourcing their ingredients to provide high-quality products to their customers. While the sales of the business were initially affected by COVID in 2020, 2021 sales had almost recovered to pre-pandemic levels. Gross sales for the business were $70k/month only operating for 5-days out of the week without any marketing except word of mouth. This business has huge potential for growth if the hours of the business are expanded and local marketing is done to acquire new customers from untapped areas within the general market. Expanding the menu items as well as beverage options will also allow this business to create new sources of revenue streams to generate more cash flow. This business is a perfect example of how a well-maintained and cared for business is a few steps away from fast growth.

Listing ID #001163
For more info, please call Stephen Lee at 1-866-519-2421.

Financial

  • Asking Price: $325,000
  • Cash Flow: $167,278
  • Gross Revenue: $655,752
  • EBITDA: N/A
  • FF&E: $150,000
  • Inventory: $20,000
  • Inventory Included: N/A
  • Established: 2015

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:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This business is located in a 3,013 SF Stand-Alone Building placed nearby some major highways and several residential neighborhoods. Anchored by these landmarks, the amount of traffic in the area during lunch and dinner times is immense.

Is Support & Training Included:

The owner of the business will provide the necessary training needed to smoothly transition into the business operation.

Purpose For Selling:

Focus on other business opportunities

Pros and Cons:

Few competitors are within the immediate market area, but this business competes with unbeatable competitive price points and the quality of their products that are managed meticulously by the owner.

Opportunities and Growth:

No marketing is currently in place other than word of mouth and social media outlets. Utilizing other marketing sources and increasing the menu diversification for beverages as well as food will be hugely beneficial for the growth of this business.

Additional Info

The company was founded in 2015, making the business 7 years old.
The transaction shall not include inventory valued at $20,000*, which ins't included in the requested price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons people choose to sell operating businesses. However, the genuine factor and the one they say to you may be 2 completely different things. For instance, they might say "I have too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may just be justifications to try to hide the reality of transforming demographics, increased competitors, recent reduction in revenues, or an array of various other reasons. This is why it is extremely vital that you not count completely on a vendor's word, yet rather, make use of the seller's solution together with your general due diligence. This will repaint an extra practical picture of the business's present circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans in order to cover things like inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that revenue margins are too small. Numerous organisations fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that should be fulfilled or may lead to charges 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, operating businesses have repeat customers, which develop the core of their day-to-day profits. Specific variables such as new competitors sprouting up around the area, road construction, as well as staff turnover can affect repeat consumers and also adversely impact future incomes. One important point to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business on a regular basis, the higher the possibility to construct a returning customer base. A last thought is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? Exactly how might the neighborhood average home earnings effect future income prospects?