Listing ID: 73578
***SELLER FINANCING AVAILABLE TO A QUALIFIED BUYER WITH ONLY $65,000 DOWN***
TURN-KEY restaurant serving breakfast, lunch and dinner with BEER & WINE LICENSE. Currently only open 6 days a week and closed on all holidays.
Keep the concept the same or change it to your liking. This would be a great full breakfast restaurant or a craft beer and wine bar.
Located on a main road with heavy traffic. Seating for approximately 49, Fully functional kitchen with hood. Perfect for a hands on owner operator.
THIS IS BEING SOLD AS AN “OPERATING ASSET” SALE. Which means, that it would cost you more to build this from scratch. Number below are based on “owner to prove”
This opportunity may not be for everyone but its perfect for those that understand what it would cost to build a restaurant and for those that dont want to deal with the bureaucracy of starting from scratch.
The value is in the goodwill, furniture, fixtures, equipment, buildout, LOCATION and lease. You cannot build this for less than the asking price with bureaucracy of permitting and construction. Construction pricing is high and permitting will take you at-least 6 months. This is turn-key and ready for you. With some TLC, this could be a thriving business.
*** SUBMIT YOUR INFORMATION THRU THE CONTACT SELLER SECTION***
IMPORTANT NOTICE: This is an operating business being offered for sale “CONFIDENTIALLY”. Interested parties MUST fill out a Confidentiality Agreement AND a financial statement before any specific information, such as name and location of the business will be shared. NO EXCEPTIONS!
Information contained herein has been obtained from the Owner of the Property or from sources deemed reliable. We have no reason to doubt its accuracy but make no warranty or representation. All information is submitted subject to errors, omissions, changes, withdrawal without notice and any special listing conditions of the Owner.
- Asking Price: $79,000
- Cash Flow: $58,000
- Gross Revenue: $216,000
- EBITDA: N/A
- FF&E: $25,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,100
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Fully functional kitchen, beer and wine bar, plenty of parking
1 week at no cost to buyer
The venture was started in 2019, making the business 3 years old.
The business has 3 employees and is located in a building with estimated square footage of 2,100 sq ft.
The building is leased by the business for $2,500 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell businesses. Nonetheless, the true factor vs the one they tell you might be 2 totally different things. For instance, they may claim "I have too many various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these might just be reasons to try to conceal the reality of altering demographics, increased competition, recent reduction in incomes, or a range of various other reasons. This is why it is very essential that you not depend entirely on a seller's word, but rather, make use of the vendor's answer combined with your general due diligence. This will repaint a much more reasonable picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses borrow money with the purpose of covering items like supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can suggest that revenue margins are too thin. Lots of companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that must be satisfied or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in brand-new clients? Many times, businesses have repeat consumers, which form the core of their daily revenues. Certain factors such as new competitors sprouting up around the location, road building, and staff turnover can impact repeat clients and also adversely affect future revenues. One essential thing to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business often, the better the opportunity to build a returning consumer base. A last idea is the basic location demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? How might the regional typical family earnings effect future revenue prospects?