Listing ID: 76621
22-year reputation as the best in town. 2021 was the best year ever. Whether you are planning a lunch meeting or filling the pack for a day hike this business has been the go-to source for great sandwiches for over two decades.
This homegrown business is in the heart of downtown where foot traffic abounds. All systems are well established and running smoothly.
If you are looking for a streamlined restaurant operation where you do not need to re-invent the wheel and you have strong local support this could be the best deal you find. Current cash flow is sufficient to provide a nice living with cash available for debt service if needed.
Potential purchasers should note that the asking price does NOT include inventory. Earnings figures referred to are Seller’s Discretionary Earnings.
Please Note: Potential buyers will be asked to complete buyer registration, sign a non-disclosure, interview with broker and provide evidence of the resources to complete a transaction of this size before additional confidential information will be provided.
- Asking Price: $400,000
- Cash Flow: $216,000
- Gross Revenue: $870,000
- EBITDA: N/A
- FF&E: $130,000
- Inventory: $8,000
- Inventory Included: N/A
- Established: 1999
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Seller will provide effective training and knowledge transfer to the Buyer in all matters relating to Company management. Franchising organization offers continuing resources for staff growth.
The venture was established in 1999, making the business 23 years old.
The sale shall not include inventory valued at $8,000*, which ins't included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell companies. Nevertheless, the real factor vs the one they say to you might be 2 totally different things. For instance, they might claim "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may just be justifications to try to hide the reality of changing demographics, increased competition, current decrease in earnings, or an array of other factors. This is why it is extremely vital that you not count totally on a seller's word, yet instead, use the seller's solution along with your overall due diligence. This will repaint an extra reasonable picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies borrow money so as to cover items like inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can suggest that profit margins are too tight. Lots of businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to take into consideration. There might 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 fulfilled or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location bring in brand-new consumers? Many times, operating businesses have repeat customers, which form the core of their daily revenues. Certain variables such as new competitors growing up around the area, roadway construction, and also employee turn over can impact repeat customers and also negatively influence future earnings. One vital thing to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business often, the better the possibility to construct a returning consumer base. A last thought is the general area demographics. Is the business located in a densely populated city, or is it situated on the edge of town? Exactly how might the local median home earnings effect future earnings potential?