Listing ID: 76034
Great Location New Equipment Plenty of Parking
It is a cute place with butcher block tables and a long bar with comfy chairs. Great opportunity to own a restaurant and bar on Main Street. Turn-Key and operating with a great location and customers. there’s a ton of opportunity. Perfect for a first-time entrepreneur, this concept is poised for growth in the years to come.
The perfect menu for those who are craving delicious Mexican/American cuisine at very reasonable prices. The kitchen is located directly behind the counter and it is conveniently and ergonomically designed.
There is plenty of parking, and since they are located in a shopping center, it’s close to other businesses it is the ideal location.
- Asking Price: $325,000
- Cash Flow: N/A
- Gross Revenue: $120,000
- EBITDA: N/A
- FF&E: $150,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Other business and family interest
The company was started in 2020, making the business 2 years old.
The company has 3 employees and is situated in a building with estimated square footage of 2,000 sq ft.
The building is leased by the business for $3,300 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell companies. However, the true reason and the one they tell you may be 2 completely different things. As an example, they might state "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might just be excuses to try to hide the reality of transforming demographics, increased competitors, recent reduction in incomes, or an array of various other factors. This is why it is very vital that you not depend absolutely on a seller's word, but instead, use the seller's solution in conjunction with your general due diligence. This will repaint an extra sensible image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans with the purpose of covering points like supplies, payroll, accounts payable, and so on. Keep in mind that occasionally this can indicate that profit margins are too small. Numerous companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that need to be fulfilled or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in new customers? Often times, operating businesses have repeat consumers, which develop the core of their daily earnings. Certain elements such as new competitors growing up around the area, road building, and staff turnover can influence repeat clients as well as negatively affect future profits. One important thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business regularly, the greater the chance to build a returning client base. A final thought is the basic location demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? How might the local median household income influence future income potential?