Business Overview

Can someone say, “Monopoly”? This package includes a restaurant which was established in 2017 by an award-winning chef, and a popular events business that is fully-furnished and rented out for special occasions by organizations like the Rotary Club. The event space is right next door (included in price of rent) and was constructed to host wedding receptions, bridal showers, baby showers, award ceremonies, and all other types of celebrations. It is fit to host more than 100 people. The owner has started a number of successful restaurants in the last 30 years, and still owns 5 throughout the DFW Metroplex. What makes this location special, is that it has exclusive access to the hundreds of industrial workers that are employed nearby, without a competitor in sight. So when lunchtime hits, watch out, ’cause it’s a stampede!… Great reputation and easy, quality food… What’s more to love?

Financial

  • Asking Price: $250,000
  • Cash Flow: $130,000
  • Gross Revenue: $300,000
  • EBITDA: N/A
  • FF&E: $150,000
  • Inventory: $5,000
  • Inventory Included: Yes
  • Established: 2017

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,400
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Excellent funiture, fixtures, and equipment

Is Support & Training Included:

The current owner and employees are willing to stay on and train new staff for 3 months!

Purpose For Selling:

Owner is focused on locations closer to home

Pros and Cons:

There is literally no competition in the immediate area

Opportunities and Growth:

This business doesn't dedicate anything towards marketing, as there has not been a need. But the new owner can bolster customer base even further if they choose to advertise and market.

Additional Info

The venture was founded in 2017, making the business 5 years old.
The sale does include inventory valued at $5,000, which is included in the requested price.

The business has 3 employees and is located in a building with estimated square footage of 2,400 sq ft.
The property is leased by the business for $2,000 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals resolve to sell businesses. Nevertheless, the true reason and the one they say to you might be 2 absolutely different things. For instance, they may say "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may simply be excuses to try to conceal the reality of altering demographics, increased competition, current reduction in profits, or an array of various other factors. This is why it is really vital that you not count entirely on a seller's word, yet rather, use the vendor's solution combined with your overall due diligence. This will repaint a more reasonable image of the business's existing scenario.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses finance loans in order to cover items such as inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can indicate that earnings margins are too thin. Many businesses come 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 take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that must be satisfied or might result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location bring in new customers? Often times, businesses have repeat customers, which form the core of their everyday earnings. Particular elements such as brand-new competitors growing up around the location, roadway construction, and employee turnover can affect repeat clients and negatively affect future revenues. One essential point to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business on a regular basis, the higher the opportunity to develop a returning customer base. A last thought is the basic area demographics. Is the business located in a densely populated city, or is it located on the outside border of town? How might the local mean house earnings impact future earnings prospects?