Listing ID: 75103
A fully equipped restaurant is also permitted as a commissary kitchen for up to 21. Pay your rent just on commissary income alone. Commissary income not included in sales figures. Huge call center in shopping center opening back up. Priced to sell quickly. The only commissary kitchen in this area!
- Asking Price: $199,000
- Cash Flow: $120,000
- Gross Revenue: $500,000
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
3000 sq ft Restaurant with 2 kitchens, also a commissary kitchen for up to 21 tenants.
Seller will provide training.
The commissary kitchen is the only one in the area and can be open 24 hours.
Grow commissary side of the business. Open up for longer hours(can be open for 24 hours).
The venture was established in 2017, making the business 5 years old.
The deal doesn't include inventory valued at $5,000*, which ins't included in the suggested price.
The business has 1FT 4PT employees and is located in a building with approx. square footage of 3,000 sq ft.
The real estate is leased by the business for $5,500 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell operating businesses. Nevertheless, the genuine reason and the one they tell you may be 2 totally different things. As an example, they may claim "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might simply be excuses to attempt to conceal the reality of altering demographics, increased competition, recent reduction in revenues, or an array of various other reasons. This is why it is really vital that you not rely entirely on a vendor's word, however instead, utilize the vendor's solution together with your general due diligence. This will repaint a much more practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Many businesses take out loans with the purpose of covering items like supplies, payroll, accounts payable, so on and so forth. Remember that in some cases this can indicate that revenue margins are too small. Lots of businesses come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that should be satisfied or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in brand-new consumers? Often times, businesses have repeat customers, which form the core of their daily earnings. Certain elements such as brand-new competitors growing up around the area, road building and construction, as well as staff turnover can impact repeat consumers and negatively influence future revenues. One crucial thing to consider is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business on a regular basis, the higher the opportunity to construct a returning client base. A last thought is the general location demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? How might the neighborhood typical house earnings effect future income potential?