Business Overview

-This restaurant has a full kitchen including Class A hood, grease trap, complete kitchen
-Totaling 3,400 square feet – excellent rent rate – $29.75/ft plus NNN
-Suitable for all styles of cuisine – from quick-casual to Bar to fine dining
-Dining room seats about 75 people
-Large attractive covered patio
-Current concept not for sale

Financial

  • Asking Price: $175,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2018

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,350
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Concept would be changing

Purpose For Selling:

Other business

Pros and Cons:

Awesome location

Opportunities and Growth:

Expand hours and services

Additional Info

The business was founded in 2018, making the business 4 years old.

The building is leased by the business for $8,250 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals resolve to sell operating businesses. Nevertheless, the true reason and the one they say to you may be 2 entirely different things. As an example, they may say "I have too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may just be justifications to attempt to hide the reality of transforming demographics, increased competitors, recent reduction in profits, or a variety of other factors. This is why it is really vital that you not depend absolutely on a vendor's word, but instead, utilize the vendor's answer combined with your overall due diligence. This will paint an extra realistic picture of the business's existing situation.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies take out loans with the purpose of covering things such as stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can suggest that earnings margins are too thin. Many businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that must be fulfilled or may result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location draw in brand-new clients? Many times, operating businesses have repeat consumers, which develop the core of their everyday revenues. Certain variables such as new competitors growing up around the location, roadway building, as well as personnel turn over can affect repeat consumers and negatively affect future revenues. One important thing to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business regularly, the greater the opportunity to build a returning client base. A final idea is the general location demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? Just how might the local mean family income effect future revenue prospects?