Listing ID: 73621
Authentic ESTABLISHED and POPULAR Indian restaurant located on a very BUSY road in BEAUTIFUL Charlotte county FL. Seating inside for approximately 85+/- and additional 15+/- outside. They have impeccable reputation as the BEST Indian food in the area.
They offer dine-in, takeouts and catering. The atmosphere, service and food are 5 STAR. FULLY staffed and ready for a motivated owner.
Total Sq feet 1800 with additional outdoor seating and rent of only $4050
SALES NUMBERS BASED ON OWNER TO PROVE. FINANCIALS WILL ONLY BE DISCUSSED IN PERSON WITH SERIOUS BUYERS
*** SUBMIT YOUR INFORMATION THRU THE CONTACT FORM SECTION ON THE RIGHT TO RECEIVE THE NON-DISCLOSURE***
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: $189,000
- Cash Flow: $72,000
- Gross Revenue: $480,000
- 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:4
- Furniture, Fixtures and Equipment:N/A
2 weeks at no cost to buyer
The business was founded in 2018, making the business 4 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell businesses. Nevertheless, the real factor vs the one they say to you may be 2 entirely different things. As an example, they might state "I have a lot of various commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might simply be justifications to try to hide the reality of altering demographics, increased competition, current reduction in revenues, or an array of various other factors. This is why it is extremely essential that you not depend entirely on a seller's word, but rather, make use of the vendor's answer together with your total due diligence. This will paint an extra reasonable image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses borrow money in order to cover items such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can suggest that revenue margins are too small. Lots of organisations come under a revolving door of taking loans as a way to pay back various 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 should be met or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in new consumers? Most times, operating businesses have repeat clients, which form the core of their everyday earnings. Specific aspects such as brand-new competitors growing up around the area, road building, as well as employee turnover can affect repeat customers and also adversely impact future profits. One important thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business often, the higher the chance to develop a returning consumer base. A last idea is the basic area demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the regional median home income effect future income potential?