Listing ID: 77419

Business Overview

Listing # – 5149 JH

Fish and Chip – Full Kitchen – High Net.

Open 6 Days, Sundays Closed.

Current Monthly Sale $25,000 Monthly Avg.

Low Rent $1,500 monthly long lease.

Great Profit $9,000 with Part time owner operated with help run.

Huge Potential !!!

Financial

  • Asking Price: $179,000
  • Cash Flow: $108,000
  • Gross Revenue: $300,000
  • EBITDA: N/A
  • FF&E: $50,000
  • Inventory: $5,000
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,000
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

Personal

Additional Info

The deal won't include inventory valued at $5,000*, which ins't included in the listing price.

The company has 2 employees and is situated in a building with approx. square footage of 1,000 sq ft.
The property is leased by the company for $1,500 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell companies. However, the real factor and the one they tell you might be 2 totally different things. As an example, they might state "I have too many various obligations" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may just be reasons to try to conceal the reality of changing demographics, increased competitors, recent reduction in profits, or a variety of other factors. This is why it is very crucial that you not rely completely on a vendor's word, but instead, make use of the seller's answer together with your general due diligence. This will paint a more practical image of the business's current situation.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses borrow money with the purpose of covering points like stock, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can imply that revenue margins are too thin. Numerous companies come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that need to be satisfied or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location bring in new customers? Most times, companies have repeat clients, which develop the core of their everyday earnings. Particular variables such as new competitors sprouting up around the area, roadway building, and personnel turnover can influence repeat customers and also negatively impact future revenues. One important point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the higher the possibility to develop a returning consumer base. A final thought is the basic location demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? How might the regional average household income influence future earnings prospects?