Business Overview

Delightful/cozy Mediterranean restaurant in a great location on a busy street in Arlington. With just 19 seats, this gem is easy to operate and offers a crisp, clean menu. All items are homemade and made to order. Ideal for a family run business and is currently operated by an absentee owner.

PARKING: Lots of free on street parking
EQUIPMENT: The equipment is in good condition and has been well maintained.
LEASE TERM: 3 years remaining with a 5-year option
BASE RENT: $1,759 includes NNN
CONCEPT: Mediterranean Cuisine
SEATING: Capacity of 19 persons
SIZE: 850 square feet
HOURS: 12:00PM – 10:00PM Closed Monday
LICENSES: Beer & Wine
SALES: $316,000

Financial

  • Asking Price: $120,000
  • Cash Flow: N/A
  • Gross Revenue: $316,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals choose to sell operating businesses. Nevertheless, the real reason and the one they tell you may be 2 absolutely different things. As an example, they may claim "I have way too many various obligations" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may just be justifications to try to hide the reality of transforming demographics, increased competitors, current reduction in incomes, or a variety of other factors. This is why it is extremely essential that you not rely entirely on a vendor's word, but rather, use the vendor's response combined with your general due diligence. This will repaint a much more sensible picture of the business's current situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans so as to cover points like stock, payroll, accounts payable, and so on. Remember that occasionally this can indicate that revenue margins are too tight. Numerous businesses 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 may 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 lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location bring in brand-new clients? Many times, operating businesses have repeat customers, which develop the core of their day-to-day profits. Certain aspects such as brand-new competition growing up around the area, roadway building, as well as staff turn over can impact repeat clients as well as negatively influence future incomes. One crucial thing to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business regularly, the higher the chance to construct a returning client base. A last thought is the basic location demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood average home earnings effect future earnings prospects?