Listing ID: 72402
Teriyaki Restaurant for Sale. Great location and loyal neighborhood costumers. To go orders only currently, but when things open up there is enough room to seat over 40+. Sales are steadily increasing. Space for Oregon Lottery. Business hours are Tuesday to Saturday 11am to 8pm. Please call 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: N/A
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:1,950
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
bring your own concept
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell companies. Nonetheless, the true factor vs the one they tell you might be 2 totally different things. For instance, they might state "I have way too many other commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might simply be reasons to attempt to hide the reality of altering demographics, increased competition, recent reduction in profits, or an array of various other factors. This is why it is really important that you not rely totally on a seller's word, yet instead, utilize the vendor's response along with your overall due diligence. This will paint an extra practical image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies finance loans in order to cover items like supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can imply that earnings margins are too small. Many organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that must be satisfied or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in brand-new clients? Often times, businesses have repeat customers, which develop the core of their everyday earnings. Particular elements such as new competitors growing up around the location, road building, and also staff turn over can affect repeat consumers and also negatively impact future revenues. One vital thing to consider is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business regularly, the greater the chance to develop a returning consumer base. A final idea is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the outside border of town? How might the regional median household income impact future revenue prospects?