Listing ID: 75008
National Franchise Quick Serve Chain offering comfort food and sandwiches. This brand is new to the valley but quickly expanding, and has been successfully operating in Scottsdale. It is available to you at a fraction of the buildout and startup costs! Located in North Scottsdale on a very busy intersection. Needs owner operator to continue the momentum. Prior restaurant experience is not required but preferred. No hood or grease trap makes for simple operation with less maintenance and cleaning than a typical fast casual restaurant. Franchise name brand can be removed, and it could also be converted to your own concept. Serious inquiries only, call now!
- Asking Price: $150,000
- Cash Flow: $35,000
- Gross Revenue: $420,000
- EBITDA: $35,000
- FF&E: $75,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2021
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,555
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
2 week training period
Other business interests
The company was established in 2021, making the business 1 years old.
The company has 1FT / 6 PT employees and resides in a building with approx. square footage of 1,555 sq ft.
The building is leased by the business for $5,700 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell businesses. Nonetheless, the real factor and the one they tell you might be 2 absolutely different things. For instance, they might say "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may just be justifications to try to hide the reality of transforming demographics, increased competition, current decrease in earnings, or a variety of various other factors. This is why it is really vital that you not count entirely on a vendor's word, yet rather, make use of the vendor's answer combined with your total due diligence. This will repaint a more sensible image of the business's present situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses finance loans so as to cover items like supplies, payroll, accounts payable, and so on. Bear in mind that occasionally this can mean that revenue margins are too tight. Numerous businesses fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that should be fulfilled or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in new customers? Many times, operating businesses have repeat consumers, which form the core of their day-to-day earnings. Particular factors such as brand-new competition growing up around the location, road building, as well as personnel turnover can influence repeat consumers as well as adversely influence future incomes. One essential point to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business regularly, the higher the opportunity to develop a returning client base. A final thought is the basic location demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? Just how might the regional mean household earnings influence future income potential?