Listing ID: 69941
The Market is Cornered with this WELL Established Mediterranean Restaurant and Bar. Completely turn key all this well-oiled machine needs are an owner/operator ready to
make 6 Digit Plus Cash Flow.
Rare opportunity with extremely high ceiling. Add a social
media, delivery options and some marketing and watch sales
skyrocket from an already strong base. $100k+ Cash Flow is the
base here! And did we mention EXTREMELY LOW RENT?
•Sales up 2021 to 2020 and 2020 to 2019……Business is BOOMING!
• Rent $1750 a month All in!
• Big Sales on Limited Hours and Labor
• 1500 sq. ft.
• Small Footprint means Small Overhead
• Owner/Operator’s Dream Restaurant
• Well known and Fantastic Reputation
• Very Little Competition
• $650k+ Sales is your base…. add delivery and social media
and take off!
• Very Cute Decor with great energy and positive vibes
• Owner Selling Due to Serious Health Issues.
• Cash Flow/SDE $175-$200k++
Offered at only: $249k
Information deemed reliable but not guaranteed.
Buyer to verify all information prior to purchase.
- Asking Price: $249,000
- Cash Flow: $200,000
- Gross Revenue: $650,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell businesses. Nonetheless, the true reason and the one they tell you might be 2 completely different things. For instance, they may claim "I have too many other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may simply be justifications to try to conceal the reality of altering demographics, increased competitors, current decrease in incomes, or a variety of various other reasons. This is why it is extremely important that you not rely entirely on a seller's word, but instead, utilize the seller's response together with your total due diligence. This will repaint a much more reasonable image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses take out loans in order to cover items such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can suggest that profit margins are too small. Many businesses fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that should be fulfilled or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in new customers? Most times, companies have repeat consumers, which create the core of their day-to-day revenues. Particular factors such as brand-new competition growing up around the area, roadway construction, and also personnel turnover can influence repeat clients and also adversely affect future earnings. One essential thing to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business often, the greater the possibility to build a returning customer base. A last idea is the basic area demographics. Is the business situated in a largely inhabited city, or is it situated on the edge of town? Just how might the local median house earnings influence future income potential?