Business Overview

15+ years in business serving quality product with consistent sales. Perfect entry level business that is easy to operate and grow through catering sales and delivery. Serving lunch and dinner and surrounded by rooftops in growing community. Seller will train. Confidential sale. Asking $150,000. Operate existing business or convert to yours!

Financial

  • Asking Price: $150,000
  • Cash Flow: N/A
  • Gross Revenue: $450,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $7,500
  • Inventory Included: N/A
  • Established: 2005

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,400
  • Lot Size:N/A
  • Total Number of Employees:7
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Inline center with easy access and good visibility.

Is Support & Training Included:

Seller will train

Purpose For Selling:

Seller has new interest

Opportunities and Growth:

Great location to expand catering

Additional Info

The company was founded in 2005, making the business 17 years old.
The deal shall not include inventory valued at $7,500*, which ins't included in the suggested price.

The business has 7 employees and resides in a building with disclosed square footage of 1,400 sq ft.
The building is leased by the company for $0.00

Why is the Current Owner Selling The Business?

There are all types of reasons individuals resolve to sell operating businesses. Nevertheless, the genuine factor vs the one they tell you might be 2 totally different things. As an example, they may claim "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may simply be excuses to attempt to hide the reality of transforming demographics, increased competitors, current reduction in revenues, or a variety of other factors. This is why it is extremely essential that you not rely totally on a seller's word, however instead, utilize the seller's solution together with your general due diligence. This will paint an extra practical picture of the business's current situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Many businesses finance loans so as to cover points such as supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can suggest that revenue margins are too small. Many companies 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 consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that have to be met or may lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area draw in new customers? Many times, businesses have repeat customers, which develop the core of their day-to-day earnings. Certain factors such as brand-new competitors growing up around the location, roadway construction, as well as staff turnover can impact repeat clients and negatively impact future profits. One essential thing to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business regularly, the better the chance to build a returning consumer base. A final thought is the basic location demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? Exactly how might the neighborhood median home income effect future income prospects?