Business Overview

Well established fast food and wings restaurant. Can be run hands on or absentee. This is a very profitable business. For more info call GoldStar Business Brokers.

Financial

  • Asking Price: $375,000
  • Cash Flow: $192,000
  • Gross Revenue: $780,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $8,000
  • Inventory Included: N/A
  • Established: 1993

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:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

2800 s.f. facility

Is Support & Training Included:

Yes

Purpose For Selling:

Retire

Additional Info

The business was started in 1993, making the business 29 years old.
The deal won't include inventory valued at $8,000*, which ins't included in the suggested price.

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell businesses. Nonetheless, the genuine reason and the one they tell you might be 2 totally different things. For instance, they may say "I have a lot of other commitments" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might simply be reasons to attempt to conceal the reality of changing demographics, increased competition, current reduction in revenues, or an array of other factors. This is why it is really crucial that you not depend completely on a vendor's word, yet instead, use the vendor's solution in conjunction with your overall due diligence. This will paint a more practical picture 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 certainly have reason to consider this when valuating/preparing your deal. Lots of businesses take out loans so as to cover things like supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can mean that profit margins are too small. Many companies fall under a revolving door of taking loans as a way to pay back various 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 contracts with suppliers that have to be met or may result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location draw in new clients? Most times, companies have repeat clients, which create the core of their day-to-day earnings. Certain variables such as brand-new competition sprouting up around the location, roadway building and construction, and also staff turnover can affect repeat clients and also negatively affect future revenues. One important thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business on a regular basis, the higher the possibility to construct a returning customer base. A last idea is the basic location demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? How might the neighborhood median house income effect future earnings prospects?