Listing ID: 75121
Famous restaurant area which is right next to a movie theatre. The movie will be fun and your dining experience will be more fun. Everyone loves the teppan show and this restaurant knows how to delight the whole family with good food and expert chefs. There are 12 teppan stations and 2 bars which makes the place the place to be before the movies or just a night out with friends and family.
- Asking Price: $360,000
- Cash Flow: $144,000
- Gross Revenue: $1,200,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $20,000
- Inventory Included: N/A
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:7,000
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
The square feet of the restaurant is 7,000 with 12 teppan grills and 2 bars. Seating for 245 and parking is no problem.
Training will be provided
This restaurant is closed during the day and the new owners can open for lunch for moviegoers and shoppers to increase sales with bar specials.
The business was founded in 2012, making the business 10 years old.
The deal won't include inventory valued at $20,000*, which ins't included in the requested price.
The company has 5FT 8PT employees and is located in a building with approx. square footage of 7,000 sq ft.
The building is leased by the business for $12,600 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell businesses. Nevertheless, the real reason vs the one they say to you may be 2 absolutely different things. As an example, they might say "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may simply be reasons to try to hide the reality of transforming demographics, increased competitors, recent reduction in profits, or a range of various other reasons. This is why it is really vital that you not rely entirely on a vendor's word, yet rather, make use of the seller's response along with your total due diligence. This will repaint an extra sensible picture of the business's existing situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies borrow money in order to cover things such as supplies, payroll, accounts payable, etc. Remember that in some cases this can suggest that revenue margins are too small. Many businesses fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that must be met or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location attract brand-new consumers? Most times, operating businesses have repeat consumers, which create the core of their daily profits. Specific variables such as brand-new competition growing up around the location, roadway construction, as well as employee turnover can affect repeat clients and negatively impact future incomes. One essential point to consider is the placement 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 better the opportunity to develop a returning customer base. A last thought is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? How might the local typical home earnings effect future revenue prospects?