Listing ID: 73847
Do you have restaurant management and food service experience, then you must check out this amazing business opportunity. The financial performance is best in class and leads the industry KPIs. This is attributed to the delicious, quality, and variety of menu, robust delivery system, complimentary brand presentation, and appealing catering system that attracts hundreds of food orders per day. The powerful franchise model provides strong vendor relationships, cutting-edge technology, custom POS, and continuous development and support. This is a system of success.
The current owner has built a loyal customer base over 17 years and will train the new owner for up to 8 weeks for a smooth transition.
This opportunity has been pre-approved for SBA financing up to 1.3MM.
Complete buyer profile and confidentiality disclosure will be required.
- Asking Price: $1,330,000
- Cash Flow: $535,801
- Gross Revenue: $2,162,596
- EBITDA: N/A
- FF&E: $200,000
- Inventory: $25,000
- Inventory Included: Yes
- Established: 2004
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,200
- Lot Size:N/A
- Total Number of Employees:30
- Furniture, Fixtures and Equipment:N/A
The company was founded in 2004, making the business 18 years old.
The transaction does include inventory valued at $25,000, which is included in the asking price.
The business has 30 employees and resides in a building with approx. square footage of 3,200 sq ft.
The building is leased by the company for $2,650 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell businesses. Nonetheless, the real reason vs the one they tell you might be 2 completely different things. As an example, they might claim "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may just be justifications to try to conceal the reality of transforming demographics, increased competitors, current decrease in earnings, or an array of other reasons. This is why it is really vital that you not rely entirely on a vendor's word, yet instead, make use of the vendor's answer together with your overall due diligence. This will repaint an extra reasonable picture of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses take out loans with the purpose of covering things like stock, payroll, accounts payable, so on and so forth. Remember that sometimes this can suggest that earnings margins are too thin. Many businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that must be satisfied or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract new consumers? Many times, companies have repeat consumers, which develop the core of their day-to-day profits. Certain factors such as new competitors sprouting up around the location, road construction, and employee turnover can influence repeat clients as well as adversely affect future incomes. One vital point to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business on a regular basis, the better the possibility to build a returning customer base. A final thought is the general location demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? How might the regional typical house earnings effect future earnings prospects?