Business Overview

A hidden Southeast asian restaurant for sale in Emeryville near Starbucks, High tech offices and apartment complexes. Once you step inside the restaurant, the feeling is very welcoming and pleasant. There is a small private lot along with a public garage nearby for customers to park. Approximately 1330 sq ft with 30 seating capacity and ADA restroom. Lots of good reviews on Yelp regarding their foods. Gross income up to date this year is $403,000. Lease amount is $2960. Some of the equipment included are 12 feet type 1 hood, walk-in cooler, one door freezer, 6 burner stove, 3-door under the counter prep table, 6 draft beer system, TOAST POS system, small flat grill, tankless water heater and more. Can convert

Financial

  • Asking Price: $168,000
  • Cash Flow: N/A
  • Gross Revenue: $403,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2012

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,330
  • Lot Size:N/A
  • Total Number of Employees:6
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

has other interest

Additional Info

The company was founded in 2012, making the business 10 years old.

The business has 6 employees and resides in a building with estimated square footage of 1,330 sq ft.
The building is leased by the business for $2,960 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals decide to sell companies. Nonetheless, the real reason vs the one they tell you may be 2 totally different things. For instance, they might claim "I have a lot of other obligations" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might just be reasons to try to hide the reality of transforming demographics, increased competitors, recent decrease in profits, or a variety of various other reasons. This is why it is very crucial that you not rely entirely on a seller's word, but instead, utilize the vendor's answer along with your general due diligence. This will paint a much more realistic image of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses borrow money with the purpose of covering things like supplies, payroll, accounts payable, and so on. Bear in mind that in some cases this can indicate that profit margins are too small. Numerous organisations fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that should be met or may result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area attract new customers? Many times, operating businesses have repeat clients, which create the core of their daily revenues. Specific elements such as brand-new competition growing up around the area, roadway construction, and employee turnover can affect repeat clients and also negatively impact future earnings. One crucial point to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business regularly, the higher the chance to build a returning client base. A last thought is the basic location demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? How might the local mean home earnings impact future earnings prospects?