Business Overview

Business Description:
This is a most unusual Business, extremely well-established, and the most profitable business of it’s kind that we have ever seen!

It has been recently completely renovated recently (everything is brand new).

After a fire and being closed during the renovation, Business has come back and then some, in an overwhelming manner.

It’s hard to get in the store because the lines are so long.

The store has been working successfully since 1968.

The store is next to a train station as well as being in the middle of an established middle class neighborhood and has been the Number one business of it’s kind since opening originally in 1968.

It is still owned by the same family that started it.

The store has always been so busy that the owners did not want to bother opening more branches because they were making so much money at this location!

So hurry and call us while this is still available!

Historical Summary:
Restaurant has been in business since 1968.

The store has been completely renovated and everything is brand new (top to bottom renovation).

They recently had a fire and decided to completely renovate the premises.

Financial

  • Asking Price: $1,495,000
  • Cash Flow: $487,569
  • Gross Revenue: $1,332,856
  • EBITDA: N/A
  • FF&E: $400,000
  • Inventory: $10,000
  • Inventory Included: Yes
  • Established: 1968

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,500
  • Lot Size:N/A
  • Total Number of Employees:13
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a newly renovated and beautiful store on a busy major street next to a train station.

Is Support & Training Included:

Complete Training and Support included in the sale.

Purpose For Selling:

Retirement

Pros and Cons:

No competition in this concept.

Opportunities and Growth:

Unlimited

Additional Info

The company was started in 1968, making the business 54 years old.
The deal will include inventory valued at $10,000, which is included in the listing price.

The company has 13 employees and resides in a building with approx. square footage of 1,500 sq ft.
The real estate is leased by the business for $6,000 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals choose to sell operating businesses. Nevertheless, the real factor and the one they tell you may be 2 completely different things. For instance, they may say "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may simply be justifications to attempt to hide the reality of transforming demographics, increased competition, recent reduction in revenues, or a range of other factors. This is why it is extremely vital that you not depend totally on a vendor's word, however rather, use the seller's response combined with your total due diligence. This will repaint a much more realistic picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans in order to cover items like supplies, payroll, accounts payable, and so on. Keep in mind that occasionally this can indicate that earnings margins are too tight. Numerous companies fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that must be satisfied or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area attract brand-new consumers? Most times, operating businesses have repeat clients, which create the core of their day-to-day profits. Particular factors such as brand-new competition sprouting up around the location, road building, and employee turn over can impact repeat consumers as well as negatively impact future profits. One vital point to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business on a regular basis, the better the chance to construct a returning client base. A last thought is the basic area demographics. Is the business placed in a densely populated city, or is it located on the edge of town? How might the local average home income influence future revenue prospects?