Business Overview

Join the thriving Forest Acres community in Columbia, SC. Highest income demographics for the county at a location that is central to the area with stop light intersection and great visibility. The restaurant also has outdoor seating, ABL license in place. Fully built out, top of the line kitchen set up. No expense was spared in the design and upfit for this business.

Financial

  • Asking Price: $600,000
  • Cash Flow: N/A
  • Gross Revenue: $1,200,000
  • EBITDA: N/A
  • FF&E: $600,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2016

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,124
  • Lot Size:N/A
  • Total Number of Employees:14
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Located on an endcap in a busy shopping center with shared parking lot and multiple ingress/egress access points

Is Support & Training Included:

negotiable

Purpose For Selling:

moving

Additional Info

The company was started in 2016, making the business 6 years old.

The business has 14 employees and is located in a building with estimated square footage of 2,124 sq ft.
The real estate is leased by the business for $7,800 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals choose to sell companies. However, the genuine reason vs the one they say to you might be 2 entirely different things. As an example, they might state "I have too many various obligations" or "I am retiring". For many sellers, these factors stand. But also, for some, these may just be excuses to try to conceal the reality of altering demographics, increased competition, current reduction in profits, or a range of various other factors. This is why it is very crucial that you not depend entirely on a seller's word, however rather, use the vendor's response along with your total due diligence. This will repaint a much more practical image of the business's existing scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Many businesses take out loans with the purpose of covering points like supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can suggest that profit margins are too tight. Lots of businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that must be met or might cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location attract new customers? Often times, companies have repeat customers, which develop the core of their daily revenues. Certain elements such as brand-new competition growing up around the area, roadway building, and also staff turn over can affect repeat clients and adversely impact future incomes. One crucial thing to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business often, the better the possibility to build a returning client base. A last idea is the general area demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? How might the local mean house income impact future revenue potential?