Listing ID: 72563
Very lucrative, perfect turn key restaurant opportunity for couple or family run.
Generates solid sales revenue even during pandemic restriction.
Potential to add back the Oregon lottery machines by utilizing vacant space used be a game room in the past which could draw a huge net commission.
Seller may carry with substantial down.
Contact broker to sign NDA for more detail
- Asking Price: $180,000
- Cash Flow: N/A
- Gross Revenue: $370,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $3,000
- Inventory Included: Yes
- Established: 2007
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,900
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Total of 1,900 square feet consist of spacious dining area with 40 seating capacity, fully equipped kitchen with hoods and all necessary cooking equipment. There is a large storage area that used to be utilized as the Oregon Lottery game room which can be easily converted back into the same use.
Moving out of State
Nominal competition rate.
There are great potential to take this business to the next level by putting up some enhancement along with some advertising and promotion, as well as reopening of the Oregon Lottery Video Game Room which can generate huge extra net income.
The venture was established in 2007, making the business 15 years old.
The sale does include inventory valued at $3,000, which is included in the suggested price.
The business has 3 employees and resides in a building with approx. square footage of 1,900 sq ft.
The property is leased by the business for $3,617 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell businesses. However, the true factor and the one they say to you may be 2 totally different things. As an example, they may state "I have way too many other obligations" or "I am retiring". For many sellers, these reasons are valid. However, for some, these might just be reasons to attempt to hide the reality of altering demographics, increased competitors, recent decrease in earnings, or a range of various other reasons. This is why it is very crucial that you not rely completely on a seller's word, yet rather, use the seller's response along with your overall due diligence. This will repaint a much more reasonable picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses take out loans so as to cover items like inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can suggest that earnings margins are too small. Numerous businesses fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that have to be fulfilled or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in brand-new consumers? Often times, businesses have repeat customers, which develop the core of their daily earnings. Particular aspects such as new competition growing up around the area, roadway construction, as well as staff turnover can impact repeat customers and also negatively influence future profits. One crucial thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business often, the better the chance to develop a returning client base. A last idea is the basic location demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? Just how might the regional median home income influence future revenue prospects?