Listing ID: 74838
Great location in the newly renovated Rancho Las Palmas Shopping Center across the street from The River in Rancho Mirage. Dickey’s was a family business founded in 1941 serving authentic Texas style BBQ, known for their on-site slow cooked meats and that tradition still holds true today in all their locations. This Dallas based family run BBQ franchise offers several slow cooked meats and home style sides. Their fast and casual concept has expanded to 600 locations in 44 states. This is an exciting opportunity to become part of this growing successful franchise! Beer & Wine license. 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 000101521
- Asking Price: $359,000
- Cash Flow: $138,000
- Gross Revenue: $550,555
- 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:2,100
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
The company was started in 2018, making the business 4 years old.
The business has 4 employees and resides in a building with disclosed square footage of 2,100 sq ft.
The real estate is leased by the business for $6,800 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell businesses. However, the genuine reason vs the one they tell you might be 2 absolutely different things. As an example, they may state "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may simply be reasons to try to hide the reality of changing demographics, increased competitors, current decrease in earnings, or a variety of various other reasons. This is why it is really essential that you not rely totally on a seller's word, however instead, make use of the vendor's solution combined with your overall due diligence. This will repaint a much more reasonable picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Many operating businesses take out loans in order to cover things like supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that profit 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 additionally be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that need to be satisfied or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in new clients? Often times, companies have repeat clients, which form the core of their daily revenues. Certain factors such as new competition sprouting up around the location, road building and construction, and personnel turn over can influence repeat clients and also negatively affect future earnings. One vital thing to think about is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business often, the greater the possibility to build a returning consumer base. A last thought is the basic location demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? How might the local typical home income impact future earnings prospects?