Business Overview

This restaurant is set up as a quick serve restaurant with inside dining and easy to go with ample parking. It has a fully equipped kitchen with full hood. Currently operating as a vegan restaurant but can be converted.
This is a 1,310 SF fully equipped restaurant located in a large strip center in San Jose.
Lease:
$3,249.44 + $1,150.56 NNN
Term to June 30, 2024 + (1) two -year option Well located quick serve fully equipped restaurant available as an Asset Sale in a large center with ample parking.

PRICE REDUCTION!
NO BROKER CO-OP

This quick service restaurant is very well located in a strong strip center in San Jose. It has a full kitchen and is well suited for inside dining and take out. Ample parking.

Financial

  • Asking Price: $65,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2014

Detailed Information

  • 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
About The Facility:

Full kitchen and dining room

Purpose For Selling:

Owner is exiting the restaurant business and is very motivated.

Pros and Cons:

This is a great opportunity to purchase a fully equipped quick serve restaurant at an attractive price for conversion to another concept

Additional Info

The venture was started in 2014, making the business 8 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people choose to sell businesses. However, the true reason vs the one they tell you may be 2 completely different things. As an example, they may say "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may just be justifications to attempt to hide the reality of altering demographics, increased competition, recent reduction in incomes, or an array of other reasons. This is why it is really crucial that you not rely totally on a vendor's word, however instead, utilize the seller's solution together with your overall due diligence. This will repaint an extra practical image of the business's current circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of companies take out loans with the purpose of covering items like stock, payroll, accounts payable, and so on. Remember that in some cases this can mean that earnings margins are too small. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that should be satisfied or might cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location attract new customers? Often times, operating businesses have repeat consumers, which form the core of their everyday earnings. Particular elements such as new competition growing up around the location, road building, and personnel turnover can affect repeat customers as well as negatively influence future revenues. One vital point to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business often, the better the opportunity to construct a returning customer base. A final thought is the general location demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? Exactly how might the local median home income effect future income potential?