Listing ID: 69859
Opportunity to Own Unique Award-Winning Restaurant
Tremendous opportunity to own a highly successful and proven restaurant that has produced historical high sales volume and profitability. This family friendly niche restaurant prides itself by providing its guest with a menu prepared from fresh ingredients and delivered by friendly smiles.
There are numerous opportunities to grow the business well beyond the current sales volumes via increased hours of operations, catering opportunities, take-out sales and online sales. The restaurant is located in beautiful Northwest Arkansas which is one of the fastest growing areas in the country.
This well-run business has the necessary systems in place to maximize efficiency and has long-term employees who provide dependability and efficiency which results in an outstanding customer experience and in turn delivers consistent profitability to ownership. Real estate is included with the sale of the business. Additional acreage available adjacent to parking lot.
- Asking Price: $2,100,000
- Cash Flow: $521,370
- Gross Revenue: $1,138,444
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:4,010
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The transaction will include inventory valued at $5,000, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell companies. However, the genuine reason vs the one they say to you might be 2 totally different things. For instance, they might claim "I have a lot of various responsibilities" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be justifications to attempt to conceal the reality of changing demographics, increased competitors, current decrease in incomes, or an array of various other reasons. This is why it is very crucial that you not count entirely on a vendor's word, but instead, utilize the seller's answer in conjunction with your general due diligence. This will repaint a much more reasonable picture of the business's present situation.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Lots of businesses borrow money in order to cover points like supplies, payroll, accounts payable, and so on. Remember that in some cases this can mean that profit margins are too thin. Lots of organisations fall into 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 structure where the business resides. The business may have existing contracts with suppliers that have to be satisfied or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract new customers? Many times, operating businesses have repeat customers, which develop the core of their everyday earnings. Specific factors such as brand-new competition growing up around the area, roadway building and construction, and employee turn over can affect repeat clients as well as adversely influence future earnings. One crucial point to consider is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business regularly, the greater the possibility to construct a returning client base. A last idea is the general location demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Just how might the regional typical house income effect future revenue prospects?