Listing ID: 78541
Casual family restaurant with takeout, delivery and eat-in service focused on pizza, subs, salads, pasta and Mediterranean specialties. Low-cost delivery app already in place with own drivers on staff who deliver within a ten mile radius. Turnkey operation with large and well-equipped kitchen. Best for owner-operator who is ready to roll up their sleeves in the kitchen. Current owner will help train on recipes, process, etc. Located in a charming town in Frederick County with a high quality of life.
- Asking Price: $159,000
- Cash Flow: $156,000
- Gross Revenue: $429,618
- EBITDA: N/A
- FF&E: $98,300
- Inventory: $2,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,400
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
The sale does include inventory valued at $2,000, which is included in the listing price.
The business has 7 employees and is situated in a building with disclosed square footage of 2,400 sq ft.
The property is leased by the business for $5,574 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell operating businesses. However, the true reason and the one they tell you might be 2 absolutely different things. As an example, they may state "I have way too many various responsibilities" or "I am retiring". For many sellers, these reasons stand. But also, for some, these might just be justifications to try to conceal the reality of altering demographics, increased competitors, current decrease in revenues, or an array of various other reasons. This is why it is extremely essential that you not count entirely on a seller's word, but instead, utilize the seller's response combined with your general due diligence. This will paint a more practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Lots of businesses finance loans with the purpose of covering points like stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can suggest that revenue margins are too thin. Numerous companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools 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 operating businesses in the area bring in new customers? Most times, businesses have repeat customers, which form the core of their daily revenues. Certain variables such as new competitors growing up around the area, road construction, and employee turn over can affect repeat customers and also negatively impact future profits. One vital thing to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the higher the opportunity to construct a returning client base. A final thought is the basic area demographics. Is the business located in a largely populated city, or is it located on the edge of town? Exactly how might the local average household income impact future income prospects?