Listing ID: 76580
Excellent Fast Food Restaurant For Sale, currently is operating as a Greek Restaurant, Cafe and Bakery. You can also change the restaurant to any other type of restaurant with Landlord’s approval. There is a huge upside potential, by opening on Sundays and extending hours of operation. There is also a patio area right on the side of the restaurant. Great lease terms are available and also landlord is flexible per seller.
Buyers Acknowledgment & Broker’s Disclosure: This business opportunity and/or real estate is listed by us and or it’s agent(s) (“Broker and/or it’s agent(s)”). Visitor (“Buyer”) fully understands that Broker or its agent(s) does not audit or verify any and all above mentioned information (not limited to sales, building size, lot size, margins, profits) given to or gathered by Broker or its agent(s) or make any warranty or representation as to its accuracy or completeness, nor in any way guarantee future business performance. Buyer is solely responsible to examine and investigate the Business, its assets, liabilities, financial statements, tax returns, and any other facts which might influence Buyer’s purchase decision or the price Buyer is willing to pay. Any decision by Buyer to purchase the Business shall be based solely on Buyer’s own investigation and that of Buyer’s legal, tax, and other advisers and not that of Broker or its agent(s). Any listing information may change at any time without any notice.
- Asking Price: $139,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
The real estate is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell companies. However, the genuine factor vs the one they say to you might be 2 entirely different things. For instance, they may state "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may simply be justifications to attempt to conceal the reality of transforming demographics, increased competitors, recent decrease in incomes, or a variety of other reasons. This is why it is really essential that you not count totally on a seller's word, however rather, use the seller's response along with your overall due diligence. This will paint a much more practical picture of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans in order to cover things like inventory, payroll, accounts payable, and so on. Remember that occasionally this can indicate that revenue margins are too thin. Lots of businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that have to be met or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in new consumers? Many times, businesses have repeat consumers, which develop the core of their daily profits. Particular factors such as brand-new competition growing up around the area, roadway construction, as well as employee turn over can impact repeat clients as well as negatively influence future earnings. One crucial thing to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the better the chance to construct a returning consumer base. A last thought is the basic location demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Just how might the neighborhood average family earnings influence future revenue potential?