Listing ID: 72604
Sweet PRIME neighborhood location on a main block!
Full Class A kitchen
Brand NOT included
Seats 45 plus additional 40 seats on the private patio and Street Seats
Professionally designed open display kitchen is compact, efficient and very well equipped to easily accommodate increased revenues. Clean & well maintained. Beautiful natural light. The setting is warm and conducive to repeat clientele. The total square footage is approximately 1,200 (plus patio and additional Street Seats).
Currently dinner only with full OLCC license. Service is quick and simple. The concept is not for sale. It would make a great fast casual order-at-the-counter bistro concept, or a cozy little chef driven dinner boutique, a neighborhood watering hole bar w/good food – OR other.
- Asking Price: $95,000
- Cash Flow: N/A
- Gross Revenue: $880,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Brief. Not selling the concept
New concept.. expand hours of service
The business was started in 2012, making the business 10 years old.
The real estate is leased by the business for $3,377 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell businesses. Nonetheless, the true factor and the one they say to you might be 2 entirely different things. For instance, they may say "I have too many various obligations" or "I am retiring". For many sellers, these factors are valid. But, for some, these may just be justifications to try to conceal the reality of altering demographics, increased competition, current decrease in earnings, or a range of other factors. This is why it is really vital that you not count totally on a seller's word, but rather, use the seller's response combined with your general due diligence. This will paint a much more reasonable image of the business's present 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 deal. Lots of companies borrow money with the purpose of covering things like stock, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that revenue margins are too thin. Many companies fall under 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 think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that should be satisfied or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in new consumers? Many times, companies have repeat customers, which develop the core of their everyday earnings. Certain factors such as new competitors growing up around the location, roadway building and construction, as well as personnel turn over can impact repeat consumers and also negatively affect future earnings. One important thing to consider is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business regularly, the better the chance to develop a returning client base. A final idea is the basic location demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the regional mean household earnings effect future income prospects?