Listing ID: 71413
A busy year-round turnkey facility featuring indoor and outdoor dining with majestic Mountain vistas. Significant potential for expanded outdoor service and owner’s home on site. Business enjoys high traffic count, exceptional cash flow, and sufficient real estate for additional development and commercial expansion. Sellers are ready to assist in transition as NH F&B industry is historically strong in the area and poised for a breakout 2021 season.
- Asking Price: $699,000
- Cash Flow: $98,000
- Gross Revenue: $860,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 1994
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:30
- Furniture, Fixtures and Equipment:N/A
Stand-alone restaurant with ample parking
Owner will assist in full transition
The company was established in 1994, making the business 28 years old.
The company has 30 employees and is situated in a building with disclosed square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell companies. Nevertheless, the true reason and the one they tell you might be 2 entirely different things. For instance, they might say "I have way too many various obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might just be justifications to attempt to hide the reality of altering demographics, increased competitors, recent reduction in profits, or an array of various other factors. This is why it is extremely vital that you not count totally on a seller's word, but rather, make use of the vendor's answer in conjunction with your general due diligence. This will paint an extra practical image of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Many companies take out loans with the purpose of covering things such as stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can suggest that earnings margins are too tight. Many businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that need to be met or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location draw in new customers? Often times, operating businesses have repeat clients, which create the core of their everyday revenues. Specific aspects such as brand-new competition sprouting up around the area, road construction, and staff turnover can impact repeat consumers and adversely influence future revenues. One crucial thing to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Obviously, the more individuals that see the business on a regular basis, the greater the opportunity to develop a returning customer base. A last idea is the basic location demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? How might the local mean home earnings influence future revenue potential?