Listing ID: 72396
Located at very well known shopping mall. Well established and well known restaurant. Easy to operate, repeat customers, updated equipment, lots of potential and room to grow. Business hours : Mon- Fri: 11am to 8pm, Sat 11:30am to 8pm. Call agent for more information
- Asking Price: $95,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2007
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
The venture was founded in 2007, making the business 15 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell businesses. Nonetheless, the genuine reason vs the one they say to you may be 2 entirely different things. As an example, they may claim "I have too many various responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may simply be reasons to try to hide the reality of transforming demographics, increased competitors, current reduction in incomes, or an array of various other factors. This is why it is really vital that you not count completely on a vendor's word, yet instead, utilize the vendor's answer combined with your general due diligence. This will paint an extra reasonable picture of the business's current situation.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies finance loans in order to cover points such as stock, payroll, accounts payable, etc. Keep in mind that occasionally this can suggest that earnings margins are too tight. Lots of organisations fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise 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 fulfilled or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location attract new customers? Many times, businesses have repeat clients, which form the core of their daily earnings. Specific aspects such as brand-new competitors growing up around the area, road construction, and also employee turnover can impact repeat consumers and adversely affect future revenues. One essential point to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more individuals that see the business regularly, the greater the opportunity to develop a returning client base. A final idea is the general location demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? How might the neighborhood median house earnings influence future earnings prospects?