Listing ID: 71169
Mt. Pleasant established local favorite: 85 seat capacity with bar, small patio and partial exhibition kitchen. Established 14 years with consistent sales and great reputation. 2600 square feet and monthly rent under $6000. Contact broker for additional details on this confidential listing.
- Asking Price: $240,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $12,000
- Inventory Included: N/A
- Established: 2007
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
Popular and convenient inline center
Seller will train
Seller is relocating
Currently open only 5 days per week. Excellent potential for Sunday brunch.
The venture was established in 2007, making the business 15 years old.
The transaction won't include inventory valued at $12,000*, which ins't included in the requested price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell operating businesses. Nevertheless, the genuine reason vs the one they tell you may be 2 absolutely different things. For instance, they might state "I have too many various commitments" or "I am retiring". For many sellers, these factors stand. But also, for some, these may simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, current reduction in earnings, or a variety of various other factors. This is why it is really vital that you not depend entirely on a seller's word, however instead, utilize the vendor's solution together with your overall due diligence. This will repaint a more reasonable image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses take out loans so as to cover points such as stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can indicate that profit margins are too small. Numerous businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that must be met or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract brand-new consumers? Most times, companies have repeat clients, which create the core of their day-to-day revenues. Certain elements such as new competitors growing up around the location, road building and construction, and employee turnover can influence repeat consumers as well as negatively affect future revenues. One crucial point to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business on a regular basis, the higher the possibility to construct a returning consumer base. A last idea is the general location demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? Just how might the regional typical family earnings influence future revenue prospects?