Listing ID: 69864
Tremendous Opportunity to own consistent performing and profitable quick serve restaurants that are committed to quality ingredients and precise preparation resulting in a loyal customer base. There are numerous opportunities to grow the business well beyond the current sales volumes via addition of beer and wine, off-site catering, increasing take-out and online sales, as well as building additional units leveraging the success of the current restaurants.
The restaurants are located in thriving Northwest Arkansas which is one of the fastest growing areas in the country. This well-run business has the necessary branding and systems in place to maximize profits and provide new ownership with the ability to grow the business well beyond its current size.
Ownership needs to sell due to emerging family circumstances. Owner financing will be considered for well-qualified buyers.
- Asking Price: $395,000
- Cash Flow: $170,137
- Gross Revenue: $1,095,230
- EBITDA: N/A
- FF&E: $132,400
- Inventory: $12,000
- Inventory Included: Yes
- Established: N/A
The transaction shall include inventory valued at $12,000, which is included in the suggested price.
The property is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell operating businesses. Nevertheless, the genuine reason vs the one they tell you might be 2 completely different things. As an example, they might state "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might simply be excuses to try to conceal the reality of changing demographics, increased competition, current reduction in revenues, or a range of various other factors. This is why it is very important that you not depend entirely on a seller's word, yet rather, utilize the seller's response in conjunction with your total due diligence. This will paint a more realistic picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses finance loans in order to cover items such as stock, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that revenue margins are too thin. Many businesses fall under 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 think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that have to be met or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in brand-new clients? Most times, companies have repeat clients, which form the core of their everyday revenues. Certain elements such as brand-new competitors sprouting up around the area, roadway construction, and also personnel turn over can impact repeat customers and adversely impact future earnings. One important point to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business often, the better the chance to develop a returning consumer base. A final thought is the general location demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? Just how might the local mean family income effect future revenue prospects?