Business Overview

If you’re looking for excellent food, great location and a restaurant that gives good-profit margins, this turnkey restaurant is for you. They have been at this location for over 9 years. Located at the intersection of two major roadways, this brand has a robust customer base and growing sales year over year. From dine-in options in their large space to take out orders, this restaurant stays busy!

Online reviews are off the charts! Over 600 reviews on both Yelp and Google with an average of over 4.4 stars! They have a great online presence that contributes to their success.

Financial

  • Asking Price: $359,000
  • Cash Flow: $117,388
  • Gross Revenue: $852,439
  • EBITDA: N/A
  • FF&E: $58,000
  • Inventory: $22,000
  • Inventory Included: Yes
  • Established: 2011

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,600
  • Lot Size:N/A
  • Total Number of Employees:16
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

3600 sqft

Is Support & Training Included:

4 weeks

Purpose For Selling:

retiring

Pros and Cons:

Located in a shopping center, there are multiple fast food and sit-down restaurants in the immediate area. Restaurant has easy access in and out with large parking areas.

Additional Info

The business was established in 2011, making the business 11 years old.
The sale will include inventory valued at $22,000, which is included in the asking price.

The company has 16 employees and is located in a building with estimated square footage of 3,600 sq ft.
The building is leased by the company for $6,600 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals decide to sell businesses. However, the real reason and the one they tell you may be 2 entirely different things. For instance, they may claim "I have a lot of various responsibilities" or "I am retiring". For many sellers, these factors stand. However, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competition, recent reduction in earnings, or an array of various other reasons. This is why it is very important that you not depend entirely on a vendor's word, but rather, make use of the seller's response combined with your general due diligence. This will repaint an extra practical picture of the business's existing scenario.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies finance loans so as to cover items such as supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that profit margins are too thin. Numerous businesses fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that must be satisfied or might result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location attract brand-new consumers? Most times, companies have repeat clients, which form the core of their daily earnings. Specific variables such as brand-new competitors growing up around the area, road building, and also staff turnover can affect repeat consumers as well as adversely influence future incomes. One important thing to consider is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the higher the possibility to build a returning customer base. A last thought is the basic area demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? Just how might the local median household income influence future income potential?