Listing ID: 76602
Offering a unique menu of Mediterranean style cuisine (with local favorites), comfortable seating, nightlife, and live entertainment. Located in a high traffic area just steps away from local college and plenty of parking.
Like new, fully equipped kitchen and appliances. Lounge includes stage, couch seating, big screen, 11 mounted tv’s, entertainment system and studio lighting.
Location: San Diego County
License: Beer and Wine
Inventory: Included in asking price
Real Estate: Leased
Building SF: 2434
Lease Expiration: June 2022
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: All equipment included in the sale price
Support & Training: Negotiated as needed
Reason for Selling: New business opportunity
- Asking Price: $149,000
- Cash Flow: $190,000
- Gross Revenue: $370,000
- EBITDA: N/A
- FF&E: $150,000
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
The property is leased by the business for $3,800 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell businesses. Nevertheless, the genuine factor vs the one they say to you may be 2 totally different things. For instance, they might say "I have a lot of various responsibilities" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competition, recent decrease in profits, or a range of other factors. This is why it is really crucial that you not count totally on a seller's word, yet instead, utilize the seller's response along with your overall due diligence. This will paint a more sensible 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 need to consider this when valuating/preparing your offer. Lots of operating businesses take out loans in order to cover points such as supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can indicate that revenue margins are too tight. Many organisations fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that should be fulfilled or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in brand-new clients? Often times, companies have repeat consumers, which develop the core of their daily earnings. Particular elements such as brand-new competitors growing up around the area, roadway construction, as well as staff turnover can affect repeat consumers and negatively influence future profits. One vital thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business regularly, the greater the opportunity to build a returning client base. A last thought is the general location demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? How might the local average household income influence future income prospects?