Listing ID: 77383
Listing # – 5169 JH
Sushi and teriyaki restaurant
Majority of sales are to-go take outs and online orders.
This restaurant is located in San Bernardino County.
Great Location in the affluent community.
Currently, this restaurant opens 6 days a week.
Full kitchen, 1,200 sq. ft., rent is only $3,400 including NNN.
The new owner should open 7 days & increase sales.
- Asking Price: $199,000
- Cash Flow: $96,000
- Gross Revenue: $444,000
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2007
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
The venture was started in 2007, making the business 15 years old.
The deal won't include inventory valued at $5,000*, which ins't included in the asking price.
The company has 4 employees and resides in a building with estimated square footage of 1,200 sq ft.
The building is leased by the business for $3,400 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell companies. However, the true factor and the one they tell you may be 2 completely different things. As an example, they may claim "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might simply be reasons to attempt to conceal the reality of transforming demographics, increased competitors, recent decrease in profits, or a variety of other factors. This is why it is very essential that you not count totally on a seller's word, however instead, utilize the vendor's answer together with your overall due diligence. This will paint a much more reasonable picture of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses borrow money so as to cover points like stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can mean that revenue margins are too tight. Many businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that must be met or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area attract new clients? Many times, operating businesses have repeat clients, which develop the core of their day-to-day profits. Certain factors such as brand-new competitors growing up around the location, roadway building, and personnel turn over can affect repeat clients and negatively affect future earnings. One vital thing to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the better the possibility to construct a returning customer base. A last thought is the general location demographics. Is the business located in a densely populated city, or is it situated on the edge of town? Just how might the regional mean home earnings impact future income prospects?