Business Overview

A very easy to run quick serve restaurant with a strong loyal following. No experience required. Known for its quality products. There is lots of growth potential! This is a clean, fun and profitable business. For more info call GoldStar Business Brokers.

Financial

  • Asking Price: $120,000
  • Cash Flow: $62,556
  • Gross Revenue: $374,700
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $4,000
  • Inventory Included: N/A
  • Established: 2005

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:

1000 s.f.

Is Support & Training Included:

Yes

Purpose For Selling:

Other business interests

Additional Info

The business was started in 2005, making the business 17 years old.
The deal doesn't include inventory valued at $4,000*, which ins't included in the requested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals decide to sell companies. Nonetheless, the real factor vs the one they tell you may be 2 totally different things. For instance, they might claim "I have a lot of other obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in profits, or a variety of various other factors. This is why it is extremely important that you not rely absolutely on a vendor's word, yet rather, make use of the seller's response together with your general due diligence. This will paint a much more reasonable image of the business's existing scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses finance loans so as to cover points like inventory, payroll, accounts payable, etc. Remember that in some cases this can imply that revenue margins are too tight. Lots of organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that should be fulfilled or might result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area attract brand-new consumers? Often times, operating businesses have repeat consumers, which develop the core of their day-to-day revenues. Particular elements such as new competitors sprouting up around the area, road building and construction, and personnel turn over can impact repeat consumers as well as adversely impact future revenues. One crucial point to consider is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business regularly, the higher the opportunity to build a returning client base. A final thought is the general location demographics. Is the business located in a densely inhabited city, or is it situated on the outskirts of town? How might the regional typical household earnings effect future earnings prospects?