Listing ID: 73416
This fast casual restaurants sits in the Heart of OSU Campus. Amongst all the housing, hotel, and other retailers. This restaurant was totally remodeled in 2018 with all new equipment. The kitchen does have a hood along with walk in cooler & Freezer
The restaurant is 2200 sq ft with 60 seats in Dining area. This was opened brand new in 2018 with rent of $4774 with plenty of time on lease.
This is a clean, well organized, and inviting restaurant- on a very busy campus
Owner has health issues, must sell
- Asking Price: $109,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2018
- 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
Dining Room seats 60 inside 2200 sq ft Hood with suppression walk in cooler walk in freezer
The venture was started in 2018, making the business 4 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell companies. Nonetheless, the true reason vs the one they say to you may be 2 entirely different things. As an example, they may state "I have a lot of various commitments" or "I am retiring". For many sellers, these factors stand. But also, for some, these might simply be reasons to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in incomes, or a range of various other reasons. This is why it is really vital that you not depend absolutely on a seller's word, yet instead, make use of the seller's solution together with your total due diligence. This will paint an extra 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 certainly have reason to consider this when valuating/preparing your offer. Lots of businesses borrow money with the purpose of covering things such as stock, payroll, accounts payable, etc. Keep in mind that in some cases this can indicate that earnings margins are too small. Numerous businesses fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that have to be met or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in brand-new consumers? Often times, businesses have repeat clients, which create the core of their daily profits. Particular variables such as brand-new competition sprouting up around the location, road construction, and employee turn over can affect repeat customers and adversely affect future profits. One crucial point to consider is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the better the opportunity to construct a returning consumer base. A final thought is the general location demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Just how might the neighborhood median family income influence future revenue potential?