Listing ID: 72381
Fully Equipped and Well Known Thai Restaurant for Sale. Located in busy plaza, between Nike World Headquarters and Intel. Open for Dining, To go, and Deliveries. 1950sqft, Space for Oregon Lottery. Please do not disturb the business. Please contact agent for more information.
- Asking Price: $100,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,950
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
The venture was founded in 2013, making the business 9 years old.
The business has 2 employees and resides in a building with disclosed square footage of 1,950 sq ft.
The building is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell companies. Nonetheless, the true factor vs the one they say to you may be 2 absolutely different things. For instance, they might state "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these may just be justifications to try to conceal the reality of transforming demographics, increased competitors, current decrease in revenues, or an array of other reasons. This is why it is really essential that you not count entirely on a vendor's word, yet rather, make use of the vendor's answer combined with your total due diligence. This will paint an extra reasonable image of the business's present situation.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses take out loans in order to cover items like inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can mean that profit margins are too small. Lots of organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that must be met or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in brand-new consumers? Most times, businesses have repeat consumers, which form the core of their daily profits. Specific variables such as new competition growing up around the location, road building and construction, and employee turnover can influence repeat clients and also negatively impact future earnings. One essential point to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business on a regular basis, the higher the possibility to build a returning customer base. A last thought is the basic area demographics. Is the business located in a densely populated city, or is it situated on the edge of town? How might the local average home earnings impact future earnings prospects?