Listing ID: 73126
One of OKC’s most desirable restaurant brands, including real estate, management and fully staffed.
This profitable and well-known sushi style restaurant is well-branded, well-followed and highly-desired by thousands of regular customers in the OKC area. Since starting in 2017, this brand has seen huge growth and expansion. Today it continues to thrive financially and is a wonderfully managed concept.
The sale will include real estate built in 2018 and located along a busy thoroughfare. The establishment was elegantly designed, creating a customer experience consistent with the delicious food they serve. The sushi presentation is among the best in all of Oklahoma!
This is a rare opportunity to purchase a growing, profitable and well-managed business with a recognizable name in the OKC metro area and beyond. The records are clean and sales continue to grow year-over-year.
Restrooms, kitchen, office, bar, outdoor seating, parking & seating rating for 155 customers.
- Asking Price: $6,000,000
- Cash Flow: $1,761,261
- Gross Revenue: $5,640,344
- EBITDA: N/A
- FF&E: $200,000
- Inventory: $15,000
- Inventory Included: Yes
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,600
- Lot Size:N/A
- Total Number of Employees:45
- Furniture, Fixtures and Equipment:N/A
The company was established in 2017, making the business 5 years old.
The transaction shall include inventory valued at $15,000, which is included in the requested price.
The business has 45 employees and resides in a building with approx. square footage of 4,600 sq ft.
The building is leased by the company for $8,700 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell companies. Nevertheless, the real factor vs the one they say to you may be 2 absolutely different things. As an example, they might claim "I have a lot of various responsibilities" or "I am retiring". For many sellers, these factors stand. However, for some, these might just be reasons to try to conceal the reality of altering demographics, increased competition, current reduction in revenues, or a range of other factors. This is why it is really essential that you not rely entirely on a vendor's word, however instead, use the seller's response combined with your general due diligence. This will repaint a more practical image of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses finance loans so as to cover items like stock, payroll, accounts payable, so on and so forth. Remember that sometimes this can imply that profit margins are too tight. Many companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that should be fulfilled or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in brand-new consumers? Many times, operating businesses have repeat clients, which form the core of their day-to-day earnings. Specific elements such as brand-new competition growing up around the area, roadway construction, and also employee turnover can affect repeat clients as well as negatively influence future revenues. One important thing to think about is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the higher the opportunity to develop a returning consumer 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? Just how might the neighborhood average house income influence future income potential?