Listing ID: 76572
LOCATION! LOCATION! LOCATION! Centrally located niche sandwich shop and bar in Denver! Designed for counter service, the restaurant can seat approximately 120 people indoors, with space for another 30 on the patio. They serve authentic niche sandwiches with all the ingredients and supplies that fans expect, making everything to order, ensuring a really stellar sandwich and very happy customers. Business has grown tremendously since providing delivery options and continued to grow during the pandemic. Sales have been very strong and continue to grow, opening expansion opportunities for potential new locations and/or food trucks, as well as catering demand. The restaurant is Currently open limited hours, leaving huge opportunity for growth.
The restaurant industry is changing immensely with a large shift towards counter service and a high emphasis on food delivery. Demand for experiences and dining out is incredibly high in Denver and is expected to continue growing along with Denver’s population and growing businesses in the area. The possibilities are endless!!
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- Asking Price: $150,000
- Cash Flow: $133,325
- Gross Revenue: $1,159,464
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2004
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:11
- Furniture, Fixtures and Equipment:N/A
Commercial restaurant in busy location with 3,800 sqft.
Yes, 12 weeks.
The venture was established in 2004, making the business 18 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell operating businesses. Nevertheless, the genuine factor vs the one they tell you may be 2 entirely different things. As an example, they might claim "I have a lot of other commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might simply be justifications to attempt to hide the reality of changing demographics, increased competitors, current decrease in earnings, or a variety of various other factors. This is why it is very important that you not rely absolutely on a vendor's word, however rather, utilize the seller's response in conjunction with your overall due diligence. This will paint a more practical picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies take out loans so as to cover things such as stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can imply that profit margins are too small. Lots of organisations fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that must be fulfilled or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in brand-new clients? Many times, operating businesses have repeat customers, which develop the core of their day-to-day earnings. Specific aspects such as brand-new competition sprouting up around the location, roadway building and construction, and personnel turnover can influence repeat consumers as well as adversely influence future profits. One essential thing to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business regularly, the greater the chance to develop a returning customer base. A final idea is the basic area demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? Just how might the local average household earnings effect future revenue potential?