Listing ID: 71524
Business Overview
This South Shore restaurant is located on a major high traffic route and in an area with rapid growth, both business and residential. This 1,800 sq ft space is primed for rapid growth whether you keep current concept remains, is expanded on, or pivoted. Not far from a number of business centers so catering is another area of growth A lot of the equipment is less than a year and a half old. Great space for just about any concept.
· Plymouth County
· Location Sales History: $390k -open on Sundays! Add a website! I
· 1,800 sq. ft
· Seats: 25
· Rent: $3500 ALL IN
· Lease: 4 years w/one 5-year option
· Offered at $85k for Everything!!
CALL TIM HARRIS @ 781-267-1504 email timbseen@gmail.com
Financial
- Asking Price: $1
- Cash Flow: N/A
- Gross Revenue: $300,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2020
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
F.F. & E are in Great condition most no older than 2020 and located in a great strip mall.
If one keeps the currant concept concept, than two week training
Family
Increases sale by Add Website!!! Open on Sundays! Add delivery and Add Catering = Sales! and BRING YOUR CONCEPT
Additional Info
The business was started in 2020, making the business 2 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell businesses. Nevertheless, the genuine reason and the one they tell you may be 2 entirely different things. As an example, they might claim "I have way too many various commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may simply be justifications to try to hide the reality of altering demographics, increased competitors, recent reduction in profits, or a range of various other reasons. This is why it is really important that you not depend completely on a vendor's word, yet rather, make use of the vendor's response along with your general due diligence. This will repaint a much more reasonable image of the business's current situation.
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 offer. Lots of operating businesses finance loans in order to cover things such as stock, payroll, accounts payable, etc. Remember that in some cases this can indicate that earnings margins are too small. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that need to be met or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in new clients? Many times, companies have repeat clients, which develop the core of their day-to-day earnings. Particular aspects such as new competitors growing up around the location, roadway building, and staff turnover can impact repeat customers and also negatively influence future incomes. One important point to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business often, the greater the opportunity to construct a returning client base. A final idea is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Just how might the regional typical house earnings effect future revenue potential?
