Business Overview

The breakfast and lunch with open style kitchen is located in Eastern MA. Open 7 days. The hours 6:30am-3:00pm. This restaurant can be easy change to other style of food. The hood and fire suppression unit is over 20 ft. length in each kitchen. The kitchen is ideal for catering. etc.
*featuring 2 full all stainless steel kitchens with walk-in refrigerators and
freezers.
* restaurant size is 8.500 sf.
* seating capacity 210 +
* rent $7000.00 per month
* plenty of parking
* 1:00am liquor license
Please go to business website use ID#OP

Financial

  • Asking Price: $650,000
  • Cash Flow: N/A
  • Gross Revenue: $2,000,000
  • EBITDA: N/A
  • FF&E: $850,000
  • Inventory: $20,000
  • Inventory Included: N/A
  • Established: 2021

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:8,500
  • Lot Size:N/A
  • Total Number of Employees:30
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Owner will train new buyer in managing restaurant.

Purpose For Selling:

partnership

Opportunities and Growth:

The restaurant is able to open in evening for dinner and entertainment. This will provide additional stream of income. The current owner is not open in evening..

Additional Info

The company was founded in 2021, making the business 1 years old.
The transaction won't include inventory valued at $20,000*, which ins't included in the requested price.

The company has 30 employees and is situated in a building with estimated square footage of 8,500 sq ft.
The property is leased by the company for $7,000 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people decide to sell operating businesses. Nevertheless, the real reason and the one they say to you may be 2 absolutely different things. For instance, they may say "I have a lot of other commitments" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may simply be reasons to try to conceal the reality of altering demographics, increased competitors, current decrease in incomes, or a variety of various other factors. This is why it is very important that you not count completely on a seller's word, but instead, use the seller's answer along with your general due diligence. This will paint an extra realistic image of the business's current scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies take out loans so as to cover things such as stock, payroll, accounts payable, so on and so forth. Remember that in some cases this can imply that profit margins are too thin. Lots of businesses come under 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 consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that must be satisfied or may result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location attract new consumers? Most times, companies have repeat customers, which create the core of their daily revenues. Certain aspects such as brand-new competitors sprouting up around the location, roadway construction, and staff turn over can influence repeat consumers as well as negatively affect future incomes. One essential point to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business on a regular basis, the greater the opportunity to develop a returning consumer base. A last thought is the general area demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the neighborhood mean house income effect future earnings prospects?