Listing ID: 71251
Casual fast food, dining restaurant. Located on a busy street. Drive thru location, as well as indoor dining seating for 25 indoor, and additional outdoor seating. All equipment and fixtures less 2 years old, in excellent condition. Owner has other interests. Highly motivated to sell. Great opportunity for growth. Very attractive lease in place. Owner financing available to qualified buyer. All staff in place for new ownership.
Located in the same building for the past 2 years
Great location, offer delivery services. Menu can be expanded
Ground level, one level ,connecting parking lot. Drive thru in place as well as indoor dining
- Asking Price: $40,000
- Cash Flow: $30,474
- Gross Revenue: $215,730
- EBITDA: $30,474
- FF&E: $30,000
- Inventory: $5,000
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
The deal won't include inventory valued at $5,000*, which ins't included in the listing price.
The business has 3 employees and is situated in a building with disclosed square footage of 1 sq ft.
The building is leased by the business for $3,400 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell companies. However, the true reason vs the one they tell you may be 2 absolutely different things. For instance, they might say "I have way too many various obligations" or "I am retiring". For many sellers, these reasons stand. But, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competitors, current decrease in incomes, or an array of other reasons. This is why it is extremely important that you not rely completely on a vendor's word, but rather, utilize the seller's answer along with your general due diligence. This will repaint a much more realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses borrow money with the purpose of covering things like supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can imply that profit margins are too small. Numerous organisations fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that must be satisfied or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in new customers? Often times, operating businesses have repeat customers, which develop the core of their everyday profits. Specific variables such as brand-new competition growing up around the location, road construction, and also personnel turn over can influence repeat consumers and adversely impact future revenues. One vital point to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business regularly, the higher the opportunity to develop a returning customer base. A final thought is the basic location demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? How might the neighborhood mean house earnings influence future revenue potential?