Listing ID: 74913
Beautiful restaurant featuring gyros, Greek food and more. The restaurant has a #12 liquor license and a beautiful custom built bar, as well as a full kitchen. Features a patio as well and is very clean!! For more info call GoldStar Business Brokers.
- Asking Price: $230,000
- Cash Flow: $144,000
- Gross Revenue: $480,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $7,000
- Inventory Included: N/A
- Established: 2007
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Full kitchen & #12 liquor license
The company was established in 2007, making the business 15 years old.
The transaction shall not include inventory valued at $7,000*, 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. However, the real factor vs the one they tell you may be 2 entirely different things. As an example, they might claim "I have too many other commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might just be justifications to try to hide the reality of altering demographics, increased competitors, current decrease in earnings, or an array of various other reasons. This is why it is really important that you not count absolutely on a vendor's word, however rather, use the seller's solution in conjunction with your general due diligence. This will paint an extra realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Numerous businesses finance loans with the purpose of covering things like supplies, payroll, accounts payable, and so on. Remember that sometimes this can indicate that revenue margins are too small. Many companies fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that must be fulfilled or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area draw in new consumers? Often times, businesses have repeat clients, which create the core of their everyday earnings. Particular aspects such as new competitors growing up around the location, roadway building and construction, and also employee turnover can influence repeat clients and negatively impact future profits. One crucial point to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the greater the chance to develop a returning client base. A final idea is the general location demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? Just how might the regional median house earnings impact future income potential?