Listing ID: 75095
Gorgeous restaurant with an open kitchen any chef would love. The location is right in the heart of old town. Could be any type of restaurant. All high-end equipment and furniture with #12 liquor license. Will not last long! Priced to sell!
- Asking Price: $145,000
- Cash Flow: $120,000
- Gross Revenue: $450,000
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $10,000
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,362
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
1362 SQ FT with full open kitchen and large patio space in old town Scottsdale location.
Other business interest
Open up more days and longer hours
The venture was started in 2016, making the business 6 years old.
The deal shall not include inventory valued at $10,000*, which ins't included in the listing price.
The business has 2FT 4PT employees and resides in a building with approx. square footage of 1,362 sq ft.
The building is leased by the company for $3,900 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell operating businesses. However, the true factor and the one they say to you might be 2 completely different things. As an example, they might say "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may simply be justifications to try to conceal the reality of changing demographics, increased competitors, current decrease in revenues, or a range of other factors. This is why it is very vital that you not depend entirely on a vendor's word, yet instead, make use of the seller's response combined with your total due diligence. This will paint an extra practical picture of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous businesses borrow money in order to cover points such as stock, payroll, accounts payable, so on and so forth. Remember that sometimes this can indicate that profit margins are too tight. Many organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. 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 fulfilled or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in brand-new consumers? Most times, operating businesses have repeat clients, which develop the core of their everyday earnings. Certain factors such as brand-new competitors sprouting up around the location, roadway construction, as well as personnel turn over can affect repeat customers and also adversely influence future profits. One vital thing to consider is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business often, the greater the opportunity to build a returning customer base. A last idea is the general area demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? How might the regional mean household income effect future earnings potential?