Business Overview

PRICE DRASTICALLY LOWERD!!!
This location has been a successful restaurant for many years. It is located right on High St, in the Heart of Downtown Columbus.

Downtown Columbus is “coming back to life”, with offices, apartments, condo’s, and other restaurants filling up with people. There are thousands of new apartments with in walking distance of this restaurant. It is in the middle of downtown buildings with hundreds of offices

This is a fast casual restaurant with exposed kitchen (With Hood). There is a nice patio along the street side, an attractive dining room, and a walk in cooler & Freezer in the kitchen

The Restaurant is 1650 sq ft that seats 44 inside and another 16 on the patio.

Low rent only 2500$

The restaurant hours allows the owner/operator a life outside the business, as it is only open Monday- Friday 11am to 3pm. You can purchase this concept with recipes & name, or you can change to your concept

This is a turn key opportunity. Sales are growing every week and slowly reaching post-covid numbers.

Seller needs a quick sale because they’re moving out of the country and that’s why price is so low.

This is a confidential sale, so please find the CA, on this page to sign

This is a confidential sale, so please find the CA, on this page to sign

Financial

  • Asking Price: $89,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2017

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,650
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

1650 Sq ft with Patio, dining room, exposed kitchen with hood,. walk in cooler and freezer

Is Support & Training Included:

Training provided by seller as needed

Purpose For Selling:

Family moving out of the country

Additional Info

The venture was founded in 2017, making the business 5 years old.

The real estate is leased by the business for $2,500 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people choose to sell companies. Nevertheless, the real reason vs the one they tell you may be 2 completely different things. For instance, they may say "I have too many various obligations" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might just be excuses to try to hide the reality of transforming demographics, increased competitors, current reduction in revenues, or a variety of other reasons. This is why it is really essential that you not rely totally on a seller's word, but rather, use the vendor's answer in conjunction with your general due diligence. This will paint a more realistic image of the business's present situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Numerous businesses borrow money with the purpose of covering points like supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can imply that earnings margins are too tight. Many companies come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that have to be met or may lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location bring in new customers? Many times, businesses have repeat consumers, which develop the core of their day-to-day profits. Specific factors such as brand-new competition growing up around the location, road building, as well as employee turn over can affect repeat customers and also adversely influence future incomes. One crucial thing to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the greater the chance to build a returning client base. A final thought is the general area demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? How might the regional typical household income impact future earnings potential?