Listing ID: 73455
Restaurant/Bar in the Bethel and Sawmill area. High visibility and high traffic counts.
2,000 sf space with a patio and liquor permit. Located in a strong center with great anchors and foot traffic. Location has indoor seating for 50 dining seats and 6-8 bar seats. Great set up for carryout and delivery , in house or third party. Newly remolded flooring throughout the dining area. Patio can seat 20 plus patrons. Kitchen is set up with ovens, burners, hood with ansul system and both a walk in cooler and walk in freezer. Kitchen has prep and dish areas, both with a 3 compartment sinks. Space could be easily converted to accommodate any concept. The shopping center currently does not have a pizza business other than a regional unit out parcel that has no effect on a compete clause for the center. The area is in need of a successful pizza concept for the near 80,000 residents in a 3 mile radius.
- Asking Price: $100,000
- Cash Flow: $96,000
- Gross Revenue: $420,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
Restaurant/Bar with seating for 50 plus inside and 20 plus on patio. Great set up for carryout and delivery.
The owner will provide some on-site training for like or similar use concept.
Low cost of entry for fully developed restaurant. Large volume of residential and retail in the immediate surrounding area. Perfect for a pizza shop operation.
Catering and Delivery can be huge value add sales components.
The venture was established in 2018, making the business 4 years old.
The transaction does include inventory valued at $5,000, which is included in the requested price.
The company has 8 employees and is situated in a building with estimated square footage of 2,000 sq ft.
The building is leased by the company for $3,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell operating businesses. Nevertheless, the genuine factor vs the one they tell you might be 2 entirely different things. As an example, they might say "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might just be justifications to try to hide the reality of changing demographics, increased competition, current decrease in incomes, or a variety of other factors. This is why it is really crucial that you not count completely on a vendor's word, but rather, make use of the seller's solution combined with your general due diligence. This will paint a much more sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses borrow money so as to cover things like inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that earnings margins are too small. 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 take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that need to be satisfied or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract brand-new consumers? Most times, companies have repeat customers, which form the core of their day-to-day revenues. Particular elements such as new competitors sprouting up around the area, road building, and staff turn over can affect repeat consumers and also adversely affect future incomes. One vital thing to consider is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business often, the higher the chance to develop a returning consumer base. A final thought is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? Just how might the regional mean household earnings impact future revenue potential?