Listing ID: 74873
Clean & neat restaurant in a well maintained hi-rise office building with increasing occupancy. Property manager reports 90% occupancy. Full kitchen with hood, flat-top, deep fryer, fridge, freezer, prep tables, in addition to serving counter, tables, chairs, artwork, shelving and coolers. Ready to operate under your name tomorrow. Due to impending birth, needs to sell as soon as possible. For more info call GoldStar Business Brokers.
- Asking Price: $68,000
- Cash Flow: N/A
- Gross Revenue: $102,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $2,500
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
2060 s.f. restaurant with full kitchen with hood, in addition to service counter, tables, chairs, artwork, shelving & coolers.
Growing family demanding more time
Property manager reports building is 90% capacity. Restaurants revenue is increasing back to pre-covid monthly volume of $20,000. At that level cash flow of $8,500/mo was earned.
The company was established in 2018, making the business 4 years old.
The sale shall not include inventory valued at $2,500*, which ins't included in the requested price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell businesses. Nonetheless, the genuine factor and the one they tell you may be 2 completely different things. For instance, they may say "I have too many other obligations" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may just be excuses to attempt to hide the reality of changing demographics, increased competitors, recent reduction in incomes, or an array of other factors. This is why it is extremely essential that you not rely absolutely on a seller's word, but instead, utilize the seller's response in conjunction with your general due diligence. This will paint a much more reasonable image of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Many businesses finance loans with the purpose of covering things like supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can imply that profit margins are too tight. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that should be met or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in brand-new customers? Most times, companies have repeat clients, which form the core of their daily profits. Certain factors such as brand-new competitors sprouting up around the location, road building, and staff turnover can impact repeat customers and adversely influence future revenues. One important point to consider is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business regularly, the better the opportunity to build a returning client base. A final thought is the general location demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? How might the local average home income impact future income potential?