Business Overview

With an awesome location with a ton of traffic along a main road, this restaurant for sale is a bargain for any buyer. The restaurant has been operating since 2018 with a beautiful bar, plenty of seating, nice updates, and 17 parking spaces with 4 different walk-in doors. Buyer can assume current lease or renegotiate a new lease with the landlord. Don’t miss out on this wonderful restaurant opportunity!

Financial

  • Asking Price: $200,000
  • Cash Flow: N/A
  • Gross Revenue: $620,005
  • EBITDA: $89,771
  • FF&E: $200,000
  • Inventory: $10,000
  • Inventory Included: Yes
  • Established: 2018

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:4,543
  • Lot Size:N/A
  • Total Number of Employees:20
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This restaurant has booths, chairs, tables, high-tops, fireplace, 10 TVs, and a full basement with all of the storage you need. As part of the large kitchen, there is a 14 foot hood, 2 foot griddle, 3 foot grill, 6 burner stovetop, 2 fryers, salamander, 7 foot chef's base, 3 sandwich prep refrigerator, proper-top freezer, and more. A full asset list can be given upon request.

Is Support & Training Included:

Owner can offer a few weeks of training to a buyer upon request.

Purpose For Selling:

Illness in the family

Pros and Cons:

With the city and country coming out of the pandemic, restaurants are on the rise so get in on this sale before it is gone!

Opportunities and Growth:

Prior to COVID, this restaurant was looking at a 40% increase in sales from 2019 and now the restaurant in primed for this kind of increase again.

Additional Info

The company was started in 2018, making the business 4 years old.
The transaction will include inventory valued at $10,000, which is included in the requested price.

The business has 20 employees and resides in a building with estimated square footage of 4,543 sq ft.
The building is leased by the company for $9,200 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals resolve to sell companies. Nevertheless, the real reason and the one they tell you might be 2 absolutely different things. As an example, they may claim "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might just be reasons to attempt to conceal the reality of transforming demographics, increased competition, recent reduction in incomes, or a range of various other factors. This is why it is extremely vital that you not depend entirely on a seller's word, but rather, utilize the seller's solution along with your total due diligence. This will repaint an extra practical image of the business's current circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses borrow money with the purpose of covering points such as stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that profit margins are too thin. Many organisations fall under 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 tools or the structure where the business resides. The business may have existing agreements with suppliers that should be fulfilled or may cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location draw in new clients? Often times, businesses have repeat consumers, which form the core of their daily profits. Certain aspects such as brand-new competitors growing up around the location, road construction, and employee turnover can affect repeat clients and also negatively impact future profits. One important point to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business regularly, the better the chance to build a returning customer base. A final thought is the general location demographics. Is the business placed in a largely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood median home income impact future revenue potential?