Business Overview

Well established Vietnamese restaurant that is extremely profitable. For more info call GoldStar Business Brokers.

Financial

  • Asking Price: $439,000
  • Cash Flow: $288,000
  • Gross Revenue: $800,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $8,000
  • Inventory Included: N/A
  • Established: 2009

Detailed Information

  • 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
About The Facility:

2900 s.f. facility

Is Support & Training Included:

Yes

Purpose For Selling:

New project

Additional Info

The venture was established in 2009, making the business 13 years old.
The transaction won't include inventory valued at $8,000*, which ins't included in the asking price.

Why is the Current Owner Selling The Business?

There are all types of reasons why people decide to sell businesses. Nonetheless, the real factor and the one they say to you may be 2 entirely different things. As an example, they might claim "I have too many various obligations" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these may just be reasons to try to hide the reality of changing demographics, increased competition, recent decrease in profits, or an array of other reasons. This is why it is very important that you not depend entirely on a vendor's word, however instead, make use of the vendor's solution combined with your overall due diligence. This will repaint a much more realistic image of the business's existing situation.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses finance loans with the purpose of covering items like inventory, payroll, accounts payable, etc. Bear in mind that in some cases this can mean that revenue margins are too small. Many organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that should be fulfilled or may cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area draw in brand-new customers? Often times, businesses have repeat customers, which form the core of their day-to-day revenues. Particular aspects such as brand-new competitors sprouting up around the area, roadway construction, and also staff turn over can influence repeat consumers and negatively impact future revenues. One crucial thing to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business regularly, the greater the opportunity to build a returning consumer base. A last idea is the general area demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the regional typical household income impact future earnings potential?