Listing ID: 74901
Premium Restaurant location Gilbert. Major PRIME Street frontage, formally a Pizza/Italian menu, but almost any other menu concept can be used. Approx 2,400 sq ft, some Equipment included. 5 or 10 year lease with option for the strong operator. Walk In Cooler. Space will need clean up and some Equipment before reopen. Reasonable concessions will be offered.
Base Rent and NNN = $6,175.00 monthly all inclusive.
** Priced at First and Security Deposit.**
File Photo Shown.
- Asking Price: $14,500
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $2,400
- Inventory: $2,000
- Inventory Included: Yes
- Established: 2021
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Leases approx 2,500 sq. ft. Major location with premium street frontage and ample parking.
The company was founded in 2021, making the business 1 years old.
The transaction does include inventory valued at $2,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell operating businesses. Nevertheless, the real factor vs the one they tell you might be 2 absolutely different things. As an example, they might claim "I have way too many other responsibilities" or "I am retiring". For numerous 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 profits, or an array of other factors. This is why it is very crucial that you not count entirely on a vendor's word, yet instead, utilize the vendor's solution together with your general due diligence. This will repaint a more reasonable image of the business's present 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. Many companies borrow money so as to cover things such as inventory, payroll, accounts payable, etc. Remember that sometimes this can mean that earnings margins are too tight. Lots of businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that should be met or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in brand-new customers? Many times, businesses have repeat clients, which create the core of their day-to-day profits. Specific variables such as new competition sprouting up around the location, road building, as well as personnel turnover can affect repeat customers and adversely affect future profits. One important thing to think about is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business on a regular basis, the higher the possibility to build a returning consumer base. A last thought is the general area demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? Exactly how might the regional average household income impact future earnings potential?