Listing ID: 71230
Beaufort Quick Service Restaurant: Approximately 2400 square feet newly remodeled building with 50+ seats plus patio. Great location with easy access and good visibility under $3000/mo gross. Operate existing operation with seller training and intellectual properties or bring your own concept. Location will support a variety for formats. Contact Tim Hagar.
- Asking Price: $125,000
- Cash Flow: N/A
- Gross Revenue: $550,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $10,000
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
free standing building with 30+ parking spaces
seller will train!
Absentee ownership forces sale.
The venture was started in 2019, making the business 3 years old.
The transaction won't include inventory valued at $10,000*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell operating businesses. Nonetheless, the genuine factor vs the one they tell you may be 2 completely different things. As an example, they may state "I have a lot of other obligations" or "I am retiring". For many sellers, these reasons stand. But, for some, these may simply be justifications to try to conceal the reality of transforming demographics, increased competition, current reduction in profits, or an array of other factors. This is why it is extremely essential that you not rely entirely on a vendor's word, however instead, utilize the vendor's answer together with your general due diligence. This will repaint an extra realistic image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of companies finance loans so as to cover items like stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can indicate that profit margins are too small. Many companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that must be met or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in new customers? Most times, businesses have repeat clients, which create the core of their daily earnings. Certain elements such as new competitors sprouting up around the location, road building and construction, and also personnel turnover can impact repeat customers and also adversely impact future revenues. One crucial point to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business often, the higher the chance to develop a returning customer base. A final idea is the basic location demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? Just how might the local mean household income influence future earnings potential?