Business Overview

A hidden gem in Fremont shopping center. This highly rated Cajun seafood restaurant is for sale with ample parking and just minutes from the freeway. Approximately 3200 sq ft with ADA restroom and 70 seating capacity. Lease amount is $6000 all inclusive. Currently averaging between $30,000-$40,000. Was doing $1,000,000 in sales before the pandemic. Owner operated with several employees. They sell clam chowder, garlic noodles, Jambalaya, alligator bites, and even ice cream Macarons for dessert. Beer and wine license are included. Some of the equipment included are 9.5 feet type 1 hood, 6 burner stove, deep fryer, chest freezer, soda machine with ice bin, 4 draft beer system, 2-door refrigerator, 3-door under the counter refrigerator, stock burner and more

Financial

  • Asking Price: $200,000
  • 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

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,200
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

has other interest

Additional Info

The company has 3 employees and is situated in a building with estimated square footage of 3,200 sq ft.
The property is leased by the company for $6,000 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals choose to sell companies. Nevertheless, the real reason and the one they say to you may be 2 entirely different things. As an example, they might claim "I have way too many various commitments" or "I am retiring". For many sellers, these factors stand. But, for some, these may just be reasons to attempt to hide the reality of changing demographics, increased competitors, recent decrease in incomes, or an array of various other factors. This is why it is extremely crucial that you not rely completely on a seller's word, but rather, use the seller's response together with your overall due diligence. This will paint an extra reasonable picture of the business's current scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans in order to cover things such as stock, payroll, accounts payable, and so on. Remember that sometimes this can suggest that revenue margins are too thin. Many companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that need to be fulfilled or may cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location draw in new clients? Most times, operating businesses have repeat customers, which develop the core of their day-to-day profits. Particular factors such as new competition growing up around the location, roadway building, and employee turnover can affect repeat customers and also negatively affect future incomes. One essential thing to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more individuals that see the business often, the higher the chance to develop a returning consumer base. A final thought is the basic area demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? Exactly how might the local average family earnings influence future income prospects?