Listing ID: 72513
Indian Restaurant for Sale
Well-established business since 2013. Excellent location on a high traffic road. A strong base of repeat customers with low rent and favorable lease terms Indian restaurant is for sale.
Everything is already established for web presence, advertising, social media, and smart phone app. Registered with many vendors for food pick up.
Rent which includes CAM+Insurance- $6000.00
Please Contact Manpreet- 703-901-3514 or Nick 410-693-1245
- Asking Price: $200,000
- Cash Flow: $700,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,457
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
The business was started in 2013, making the business 9 years old.
The business has 7 employees and is situated in a building with disclosed square footage of 2,457 sq ft.
The property is leased by the company for $4,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell companies. Nonetheless, the true reason and the one they tell you may be 2 completely different things. For instance, they might state "I have too many other obligations" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might simply be justifications to try to conceal the reality of transforming demographics, increased competitors, recent decrease in profits, or a range of other reasons. This is why it is really crucial that you not count entirely on a seller's word, however instead, utilize the seller's answer in conjunction with your general due diligence. This will repaint a much more sensible picture of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of companies finance loans in order to cover items such as inventory, payroll, accounts payable, etc. Remember that occasionally this can imply that earnings margins are too thin. Numerous businesses 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 commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that should be satisfied or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in brand-new consumers? Most times, operating businesses have repeat consumers, which develop the core of their day-to-day profits. Certain variables such as brand-new competition growing up around the area, road building, as well as personnel turn over can affect repeat clients as well as negatively impact future revenues. One crucial thing to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business regularly, the higher the opportunity to develop a returning client base. A final idea is the basic area demographics. Is the business placed in a largely populated city, or is it located on the edge of town? Just how might the regional typical house income effect future income potential?