Listing ID: 76607
Fully equipped Mexican Fast Food Restaurant with Beer License and outdoor sitting is for sale, current owner has been at the same exact location for 19 years. Long term lease is available.
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: $169,000
- 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 building is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell companies. However, the genuine factor vs the one they say to you might be 2 completely different things. For instance, they may say "I have too many various obligations" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these may just be reasons to try to hide the reality of transforming demographics, increased competitors, recent decrease in revenues, or a variety of other reasons. This is why it is really crucial that you not depend completely on a seller's word, but instead, make use of the vendor's response in conjunction with your total due diligence. This will repaint a more practical picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses take out loans in order to cover points such as supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that revenue margins are too small. Lots of businesses come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that need to be met or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in new clients? Often times, businesses have repeat customers, which create the core of their daily earnings. Particular variables such as new competitors sprouting up around the location, roadway construction, and personnel turnover can impact repeat clients and negatively impact future incomes. One essential thing to consider is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business on a regular basis, the better the possibility to develop a returning customer base. A last idea is the basic location demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Just how might the neighborhood average family income influence future income prospects?