Listing ID: 76367
Recently renovated ($270k) Mexican restaurant/bar for sale that offers multi-level and outdoor dining with mountain views. Impressive revenue growth in spite of pandemic and absentee owner. Low competition, low turnover, high margin business with opportunities for continues growth.
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- Asking Price: $299,000
- Cash Flow: $37,560
- Gross Revenue: $658,537
- EBITDA: N/A
- FF&E: $90,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,600
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
3,600 SF in retail space along popular main street.
Yes, 4 weeks.
Relocation out of state
The business was founded in 2017, making the business 5 years old.
The deal does include inventory valued at $5,000, which is included in the suggested price.
The real estate is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell operating businesses. Nonetheless, the genuine factor and the one they tell you may be 2 completely different things. For instance, they may claim "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may simply be reasons to try to conceal the reality of changing demographics, increased competitors, recent decrease in revenues, or a range of various other factors. This is why it is extremely important that you not depend completely on a seller's word, however rather, make use of the vendor's solution along with your overall due diligence. This will repaint a more practical picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Lots of businesses finance loans in order to cover points such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that revenue margins are too small. Many organisations fall under 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 take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that must be met or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in new consumers? Often times, businesses have repeat clients, which develop the core of their daily profits. Particular aspects such as new competition sprouting up around the area, roadway construction, as well as staff turnover can influence repeat clients as well as negatively influence future revenues. One important point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the better the chance to build a returning consumer base. A final thought is the basic area demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? Exactly how might the regional average home income effect future earnings potential?