Business Overview

Located in Dublin, this Mr. Pickles enjoys a good location and strong financials. The business has done well during COVID. The restaurant has an Assistant Manager with 6 employees.
Lease: 3 1/2 years + 5 year option.
Rent: $4,236.07 + $2,180.93 NNN = $6,628.80
fixed increases through December 31, 2025.

CONFIDENTIAL SALE DO NOT TALK WITH THE EMPLOYEES AS THEY DO NOT KNOW THE BUSINESS IS FOR SALE

NO BROKER CO-OP.
Price Reduction. Seller will be relocating his family out of the area and that is the reason for the sale.

Financial

  • Asking Price: $299,000
  • Cash Flow: $162,222
  • Gross Revenue: $844,448
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2010

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,322
  • Lot Size:N/A
  • Total Number of Employees:6
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Great looking store with walk in cooler

Is Support & Training Included:

Yes. Training is provided by the franchisor

Purpose For Selling:

Owner is moving out of the area and is therefore motivated

Pros and Cons:

Strong brand franchise sandwich shop established in this location over 10 years.

Opportunities and Growth:

Business has been growing nicely during COVID. Continue building sales.

Additional Info

The venture was started in 2010, making the business 12 years old.

The company has 6 employees and is situated in a building with disclosed square footage of 1,322 sq ft.
The real estate is leased by the company for $4,236.07 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals decide to sell businesses. Nonetheless, the true reason vs the one they say to you might be 2 totally different things. For instance, they might state "I have way too many other obligations" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might simply be justifications to attempt to hide the reality of changing demographics, increased competition, current decrease in earnings, or a variety of other factors. This is why it is extremely crucial that you not count entirely on a vendor's word, but rather, make use of the seller's response in conjunction with your overall due diligence. This will paint a much more reasonable picture of the business's existing scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies finance loans in order to cover items such as stock, payroll, accounts payable, so on and so forth. Remember that sometimes this can suggest that profit margins are too thin. Lots of businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that need to be fulfilled or might lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location draw in new consumers? Many times, businesses have repeat consumers, which form the core of their day-to-day profits. Certain factors such as new competitors sprouting up around the location, roadway building and construction, and employee turn over can impact repeat customers and also adversely impact future revenues. One vital point to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business regularly, the better the possibility to develop a returning consumer base. A final idea is the general area demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? Just how might the local median family earnings impact future revenue prospects?