Business Overview

Amazing opportunity for the next owner to build on tremendous success. Even through Covid, this restaurant has thrived! The location is perfect, and the food is even better. Rural coastal location in a great part of Oregon. Additional hotels going in over the next year within walking distance, with no additional restaurants going in.

Financial

  • Asking Price: $1,600,000
  • Cash Flow: $560,000
  • Gross Revenue: $2,800,000
  • EBITDA: N/A
  • FF&E: $250,000
  • Inventory: $25,000
  • Inventory Included: Yes
  • Established: 2007

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:5,400
  • Lot Size:N/A
  • Total Number of Employees:20
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Located on the waterfront, 5400 square feet. Seats 150.

Is Support & Training Included:

The Seller will provide training for 2 weeks at no cost.

Purpose For Selling:

Owners are retiring

Pros and Cons:

There is very little true competition in this part of Oregon for this level of restaurant.

Opportunities and Growth:

With the addition of the new hotels and the continuing increase in tourism in Oregon this restaurant is positioned to continue to grow.

Additional Info

The company was started in 2007, making the business 15 years old.
The sale will include inventory valued at $25,000, which is included in the asking price.

The business has 20 employees and is situated in a building with estimated square footage of 5,400 sq ft.
The building is leased by the business for $9,000 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people resolve to sell operating businesses. However, the genuine reason vs the one they tell you may be 2 completely different things. For instance, they might state "I have way too many various obligations" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may simply be excuses to attempt to hide the reality of transforming demographics, increased competitors, recent decrease in revenues, or a variety of various other reasons. This is why it is very essential that you not depend totally on a seller's word, but instead, make use of the vendor's solution together with your total due diligence. This will repaint a more sensible image of the business's current scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses finance loans in order to cover points like inventory, payroll, accounts payable, so on and so forth. Remember that occasionally this can imply that revenue margins are too tight. Lots of companies come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that should be fulfilled or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location attract new clients? Many times, companies have repeat consumers, which create the core of their everyday profits. Certain elements such as brand-new competition growing up around the location, roadway building, as well as personnel turnover can affect repeat consumers as well as adversely influence future incomes. One crucial point to think about is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business often, the higher the opportunity to construct a returning consumer base. A last thought is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? Exactly how might the neighborhood average house earnings influence future income potential?