Listing ID: 69945
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 sorts of reasons individuals resolve to sell businesses. Nonetheless, the real reason vs the one they say to you may be 2 completely different things. For instance, they might state "I have way too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may simply be reasons to attempt to conceal the reality of altering demographics, increased competitors, recent reduction in profits, or a variety of other factors. This is why it is extremely important that you not count totally on a vendor's word, yet rather, utilize the seller's answer along with your total due diligence. This will repaint a more sensible image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans so as to cover items such as stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can mean that revenue margins are too thin. Numerous organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that have to be fulfilled or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract brand-new customers? Many times, businesses have repeat customers, which form the core of their day-to-day profits. Particular factors such as brand-new competitors sprouting up around the area, roadway building and construction, as well as personnel turn over can impact repeat customers as well as negatively impact future incomes. One vital thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business regularly, the greater the opportunity to construct a returning consumer base. A last thought is the basic area demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? Just how might the neighborhood average family earnings influence future income prospects?