Business Overview

Central busy retail district SE Portland.
Heavy foot traffic.
Newly built full kitchen in 2017
Minimum seating (15) – most quick & go street food
Ideal concept to have multiple locations – systems, recipes, all
Low labor, good margins
GREAT RENT! (1250/mo)
Revenues of $485k in 2019 with owner cash-flow of approx. $100k. Revenues of $263K in 2021 with drastically reduced hours and Owner cash flow of approx $43,500.

Financial

  • Asking Price: $135,000
  • Cash Flow: $100,000
  • Gross Revenue: $435,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2017

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:600
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Excellent facility. Newly remodeled (’17) full Class A kitchen. Minimum seating – take & go. Professionally designed open display kitchen is compact and very well equipped to easily accommodate increased revenues and keep labor costs low. The setting is authentic and conducive to repeat clientele. The total square footage is approximately 650 (plus outdoor sidewalk seating in season). The lease rate is currently approximately $1,250/mo . Street parking

Is Support & Training Included:

Seller will transition

Purpose For Selling:

Other direction

Pros and Cons:

Awesome location and customer following

Opportunities and Growth:

Expand service hours, AND add locations with these systems in place, recipes, etc.

Additional Info

The company was founded in 2017, making the business 5 years old.

The company has 2 employees and is located in a building with approx. square footage of 600 sq ft.
The real estate is leased by the company for $1,250 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals choose to sell operating businesses. Nevertheless, the real factor vs the one they tell you might be 2 completely different things. For instance, they may claim "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might simply be justifications to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in incomes, or an array of other factors. This is why it is extremely essential that you not rely completely on a vendor's word, but instead, use the vendor's answer in conjunction with your total due diligence. This will repaint a much more practical picture of the business's present scenario.

Existing Debts and Future Obligations

If the current company is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Numerous companies finance loans with the purpose of covering points such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can suggest that profit margins are too thin. Many organisations fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that have to be met or may result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location bring in brand-new clients? Many times, businesses have repeat consumers, which create the core of their everyday revenues. Certain factors such as new competitors growing up around the location, roadway building and construction, and also personnel turnover can impact repeat customers and also adversely impact future profits. One vital thing to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business regularly, the greater the possibility to build a returning client base. A last idea is the basic location demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? How might the local typical household earnings influence future revenue potential?