Listing ID: 73853
PRICE REDUCED!!! SELLER WANTS A QUICK SALE
Established Fast Casual, Super Growth Potential Indian Restaurant in High Traffic areal.
Over $600,000 in initial Build Out.
Current owners have Fantastic reviews, but use no advertisement.
new owner would have opportunity to grow the business with advertisement and capture new business from a Huge amount of new Homes/Apartments being built in the area and Mutli Millions of renovation dollars in the adjacent large Office complex and expansion.
Take advantage of this opportunity. Owners selling due to time constraints of health issues. Additional Business avail. Owner Financing.
- Asking Price: $300,000
- Cash Flow: N/A
- Gross Revenue: $480,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Owner will train and stay on for support for reasonable time.
Pursuing growth in another existing Business in the Tech Industry
No Indian Competition nearby. Other busy Restaurants in teh center to expose to food customers. Potetial to growth due to new homes and many new Office employees.
Other busy Restaurants in teh center to expose to food customers. Potetial to growth due to new homes and many new Office employees. NO current advertisent by owner.
The business was founded in 2017, making the business 5 years old.
The company has 6 employees and is located in a building with estimated square footage of N/A sq ft.
The real estate is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell operating businesses. However, the real reason and the one they tell you may be 2 absolutely different things. As an example, they may say "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might simply be reasons to try to hide the reality of transforming demographics, increased competition, recent decrease in incomes, or a variety of various other reasons. This is why it is very important that you not rely completely on a seller's word, yet instead, utilize the seller's answer in conjunction with your total due diligence. This will paint an extra practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses finance loans so as to cover items like inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that earnings margins are too tight. Numerous companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that need to be satisfied or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in new consumers? Most times, companies have repeat consumers, which form the core of their everyday profits. Specific elements such as brand-new competitors sprouting up around the location, road construction, as well as employee turnover can influence repeat clients and also adversely impact future earnings. One crucial thing to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the higher the chance to construct a returning customer base. A last thought is the general location demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? Just how might the neighborhood average family income impact future income potential?