Business Overview

This popular and successful eatery has been in business for well over a decade with sales trending up. This turnkey space has fresh food, a custom build out to match and exotic shows on the weekends. The business is in an up and coming location near main interstates, businesses and homes. With an already established social media presence and local following this is an incredible opportunity for an owner/operator looking to come in and drive an existing operation.

Financial

  • Asking Price: $1,500,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 2008

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:6,400
  • Lot Size:N/A
  • Total Number of Employees:12
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

3500 SF Restaurant includes a bar, two dining rooms with a gorgeous custom build-out, a screened in front patio and back lounge. Multi-Story building that has a First Floor Restaurant operation located in it with two condo units on the two floors above the restaurant. Each of the spaces have their own entrances.

Is Support & Training Included:

Owner can provide some onsite training

Purpose For Selling:

Retirement

Pros and Cons:

The restaurant is in a prime spot in an up and coming location.

Opportunities and Growth:

A profitable concept that can be duplicated in other parts of town.

Additional Info

The company was founded in 2008, making the business 14 years old.

The business has 12 employees and resides in a building with approx. square footage of 6,400 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people resolve to sell businesses. However, the genuine reason and the one they say to you may be 2 entirely different things. As an example, they may say "I have too many other commitments" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might simply be justifications to attempt to hide the reality of altering demographics, increased competitors, current decrease in earnings, or an array of various other factors. This is why it is really essential that you not depend entirely on a seller's word, yet rather, make use of the vendor's response combined with your overall due diligence. This will repaint a much more reasonable image of the business's current scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Numerous businesses finance loans with the purpose of covering items like inventory, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can mean that profit margins are too small. Many businesses come 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 equipment or the building where the business resides. The business might have existing agreements with suppliers that must be satisfied or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location bring in new consumers? Most times, operating businesses have repeat consumers, which create the core of their day-to-day earnings. Particular elements such as brand-new competition growing up around the area, roadway building and construction, as well as staff turn over can impact repeat consumers and also negatively influence future profits. One essential point to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business on a regular basis, the better the opportunity to develop a returning consumer base. A last thought is the basic area demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? How might the neighborhood average household income impact future earnings potential?