Business Overview

This is a franchised location that has been in business since 1960 and under current ownership since 1996. Real Estate is INCLUDED in the asking price. Franchise will offer training to insure a smooth transition.

This is a full service burger restaurant that offers a new concept for dine in as well as drive through.

Financial

  • Asking Price: $1,075,000
  • Cash Flow: N/A
  • Gross Revenue: $832,356
  • EBITDA: N/A
  • FF&E: $250,000
  • Inventory: $15,000
  • Inventory Included: N/A
  • Established: 1996

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:3,301
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Stand Along building offering 3,301 square feet on 0.51 acre of real estate! Inside Seating for 60

Is Support & Training Included:

Seller will be available for 14 days of training at a minium of 4 hours per day at no extra cost to the buyer

Purpose For Selling:

Retirement

Pros and Cons:

Very little competition in the area especially for this restaurant with the new concept of offering both dine in, carrout, and drive through services

Opportunities and Growth:

Continue to market with the company

Additional Info

The venture was founded in 1996, making the business 26 years old.
The sale shall not include inventory valued at $15,000*, which ins't included in the suggested price.

The company has 5FT/5PT employees and is situated in a building with disclosed square footage of 3,301 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals decide to sell businesses. Nevertheless, the real reason and the one they say to you may be 2 totally different things. For instance, they might state "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 attempt to hide the reality of altering demographics, increased competition, current decrease in profits, or a variety of other reasons. This is why it is extremely essential that you not depend entirely on a vendor's word, however rather, utilize the vendor's answer combined with your overall due diligence. This will repaint a much more realistic picture of the business's present circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Many operating businesses take out loans with the purpose of covering points such as stock, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that profit margins are too thin. Many organisations fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that need to be satisfied or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location attract brand-new clients? Often times, businesses have repeat customers, which develop the core of their day-to-day profits. Certain variables such as new competition growing up around the location, road construction, and also staff turnover can affect repeat customers as well as negatively impact future incomes. One important thing to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Clearly, the more individuals that see the business often, the greater the chance to build a returning consumer base. A last thought is the basic area demographics. Is the business located in a densely populated city, or is it located on the outside border of town? Exactly how might the regional median family income effect future revenue prospects?