Listing ID: 74835
Great location in 29 Palms on main Hwy with good street visibility. John’s Place is a favorite dining spot for both locals and visitors. Customers keep coming back year after year for their delicious internationally inspired dishes. Their menu is a unique mix of classic dishes and seasonal specialties that will please the most discerning palate. The atmosphere is contemporary and welcoming for their customers to enjoy a wonderful dining experience. Grease trap and hood in place. This is a turn-key opportunity. Please call broker for more details on this property and to arrange a showing.
This information while not guaranteed, has been obtained from sources deemed reliable. Buyer must verify the information and bear all risks for any inaccuracies. DRE #01366091 0000102221
- Asking Price: $450,000
- Cash Flow: $177,314
- Gross Revenue: $745,476
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
2,000 sq. ft. restaurant space. Grease trap and hood in place.
Will train for an agreed amount of time for a smooth transition.
Other business interest
The company was established in 2016, making the business 6 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell companies. However, the true factor vs the one they tell you may be 2 completely different things. As an example, they may say "I have a lot of various obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might simply be reasons to try to hide the reality of transforming demographics, increased competitors, current reduction in revenues, or an array of various other reasons. This is why it is very crucial that you not count totally on a vendor's word, but rather, utilize the vendor's solution together with your total due diligence. This will repaint a more reasonable picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many operating businesses take out loans so as to cover things such as stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that earnings margins are too thin. Lots of organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that have to be satisfied or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location attract brand-new consumers? Most times, businesses have repeat consumers, which create the core of their daily profits. Particular elements such as brand-new competition growing up around the location, roadway construction, as well as employee turnover can affect repeat customers as well as adversely impact future earnings. One essential point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business often, the better the opportunity to build a returning client base. A last thought is the general location demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? How might the regional average family earnings effect future earnings potential?