Listing ID: 72517
Popular Japanese restaurant serves SUSHI, POKE BOWL, RAMEN, BENTO and SAKE, this place is located just one block away from university of Oregon campus and Peace Health hospital. LOCATION LOCATION AND LOCATION! Sales has been increased last couple months since COVID. This business will do well again once more people get vaccinated.
Don’t miss the chance to own popular restaurant with great price.
- Asking Price: $99,000
- Cash Flow: N/A
- Gross Revenue: $720,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $35,000
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,802
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
The business was started in 2016, making the business 6 years old.
The deal doesn't include inventory valued at $35,000*, which ins't included in the asking price.
The business has 6 employees and is located in a building with disclosed square footage of 1,802 sq ft.
The real estate is leased by the business for $503,493 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell operating businesses. Nonetheless, the true reason and the one they say to you may be 2 absolutely different things. As an example, they may state "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might simply be reasons to attempt to hide the reality of transforming demographics, increased competitors, current reduction in incomes, or an array of other reasons. This is why it is extremely vital that you not rely entirely on a vendor's word, yet rather, make use of the seller's solution in conjunction with your general due diligence. This will repaint an extra realistic picture of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies take out loans in order to cover things like stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can suggest that earnings margins are too small. Many companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that have to be fulfilled or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in brand-new clients? Often times, operating businesses have repeat clients, which create the core of their day-to-day earnings. Certain factors such as new competitors sprouting up around the area, roadway construction, as well as personnel turn over can affect repeat consumers and adversely impact future incomes. One crucial thing to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business regularly, the higher the opportunity to develop a returning consumer base. A final idea is the basic location demographics. Is the business situated in a densely populated city, or is it located on the outskirts of town? Just how might the local median family earnings influence future earnings potential?