Listing ID: 76369
Located in the Aspen Valley – Roaring Fork Valley, this iconic 21-year-old, family-owned restaurant provides consistent, year-round profit with a strong community following. Located in a resort area on the main road means high visibility and customer traffic. It is the perfect mountain lifestyle business for those wanting to relocate to the beautiful, western slope of Colorado. This dine-in/take-out restaurant serves all day and features large indoor and outdoor seating.
This business is lender pre-qualified which means you can own a business that cash flows $375,000 for only $73,000 down! Inquire for more details!
The real estate can be leased or purchased based on the buyer’s needs. However, purchasing the real estate and the business together adds a huge opportunity to earn terrific cash flow, immediately own a stake in prime commercial property in a coveted location, and protect your investment long term.
Inquire for more details and learn how you can buy a business for as little as 10% down on qualified SBA listings or how to use creative financing options to get a deal done! At Transworld Business Advisors, we are the most active business brokerage in the country – listing and selling the most businesses in the state. Get added to our buyer list today to receive notifications as businesses with your criteria hit the market!
- Asking Price: $795,000
- Cash Flow: $375,000
- Gross Revenue: $1,409,000
- EBITDA: N/A
- FF&E: $39,300
- Inventory: $11,000
- Inventory Included: Yes
- Established: 2000
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:1,723
- Lot Size:N/A
- Total Number of Employees:17
- Furniture, Fixtures and Equipment:N/A
Restaurant with 1723 sqft.
Yes, two weeks.
The business was started in 2000, making the business 22 years old.
The transaction shall include inventory valued at $11,000, which is included in the suggested price.
The company has 17 employees and is situated in a building with disclosed square footage of 1,723 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell operating businesses. However, the real reason and the one they tell you may be 2 absolutely different things. For instance, they may state "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might just be excuses to try to hide the reality of altering demographics, increased competitors, current reduction in earnings, or an array of other factors. This is why it is really crucial that you not count entirely on a vendor's word, but rather, utilize the vendor's answer along with your overall due diligence. This will repaint an extra sensible image of the business's existing circumstance.
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 deal. Lots of companies take out loans so as to cover items such as inventory, payroll, accounts payable, and so on. Remember that sometimes this can suggest that earnings margins are too thin. Many organisations fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that have to be fulfilled or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in new consumers? Most times, companies have repeat customers, which develop the core of their daily earnings. Certain variables such as brand-new competition growing up around the area, road building, and staff turn over can influence repeat customers and negatively affect future incomes. One important point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business often, the better the opportunity to develop a returning client base. A last thought is the general location demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? Just how might the local average family earnings effect future earnings potential?