Listing ID: 71229
Great operation and opportunity to continue a quick service concept in this neighborhood location. Located in a grocery anchored center right on Johnnie Dodds, there is built in traffic from the walkable neighborhood adjacent. Take over a profitable establishment that has been in place for a decade!
- Asking Price: $175,000
- Cash Flow: $100,000
- Gross Revenue: $475,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2011
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,250
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Inline space at a grocery anchored center. Grease trap and hood system in place. Full dining room and semi open kitchen. Set up for quick service but can be easily transformed for full service as well.
The business was founded in 2011, making the business 11 years old.
The property is leased by the business for $3,200 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell companies. Nonetheless, the true factor vs the one they say to you might be 2 completely different things. As an example, they may state "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might just be excuses to attempt to conceal the reality of altering demographics, increased competition, recent reduction in earnings, or an array of other reasons. This is why it is extremely vital that you not depend absolutely on a vendor's word, yet instead, utilize the seller's response in conjunction with your general due diligence. This will repaint a more reasonable picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies take out loans so as to cover points such as stock, payroll, accounts payable, etc. Remember that sometimes this can indicate that profit margins are too small. Lots of companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that need to be fulfilled or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract brand-new consumers? Often times, businesses have repeat customers, which develop the core of their everyday profits. Certain variables such as brand-new competitors sprouting up around the location, road building, and employee turn over can impact repeat clients and adversely impact future incomes. One important point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business regularly, the better the possibility to construct a returning consumer base. A last thought is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? Exactly how might the local typical family income influence future revenue prospects?