Listing ID: 76646
Turn-key, Absentee operated and Profitable Drive thru Mexican Restaurant.
Nice dining room + patio. Beer & Wine license.
In business since 2013!
Located on major street in a growing neighborhood.
Seller want to sell because he has 5 other restaurants, and this is his only drive-thru… the hardest to manage absentee.
Awesome rent! Only $4393 and expires on 2028
Priced at 2.9x earnings. In-line with established, absentee restaurants. Seller is very confident in the business and is willing to finance to the right operator.
All interested and qualified parties are welcome to complete an NDA. Please complete the “Contact Seller” box and an electronic NDA will be emailed to you automatically.
- Asking Price: $400,000
- Cash Flow: $138,000
- Gross Revenue: $1,100,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $8,000
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,589
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Fully managed by staff
too many other restaurants
The venture was founded in 2013, making the business 9 years old.
The deal shall not include inventory valued at $8,000*, which ins't included in the listing price.
The property is leased by the business for $4,939 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell companies. However, the genuine reason and the one they tell you may be 2 completely different things. For instance, they may say "I have too many various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these may just be justifications to attempt to hide the reality of altering demographics, increased competitors, recent decrease in revenues, or an array of various other reasons. This is why it is very vital that you not rely absolutely on a vendor's word, but rather, make use of the seller's answer combined with your total due diligence. This will repaint an extra reasonable image of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies finance loans with the purpose of covering items like supplies, payroll, accounts payable, and so on. Bear in mind that occasionally this can imply that earnings margins are too thin. Numerous organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that must be met or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location bring in brand-new clients? Often times, businesses have repeat consumers, which develop the core of their day-to-day profits. Specific factors such as brand-new competitors sprouting up around the location, road building and construction, as well as employee turnover can influence repeat clients as well as adversely influence future incomes. One crucial thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business often, the better the possibility to develop a returning consumer base. A last idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the local median house income influence future revenue potential?