Listing ID: 78774
Beautiful Restaurant high traffic area, center of town, just off Jericho Road/Route 110. Accessible by car, truck, motor-cycle, ATV & Snowmobile, with plenty of parking. Ride in from the trails and have lunch or dinner with friends and family and/or join your friends at the Notre Dame arena to watch college and high school hockey. Greet your customers as they enter your establishment to dine in your restaurant. Be a part of the ongoing festivities that the area has to offer. Your restaurant would seat 40 people and there is room to grow. Restaurant also accepts phone orders and can schedule pick-ups through the side drive-thru window. Draft Beer system/Soda system (Coke products) and coffee installed at counter in the dinning room. Ample parking, maybe the restaurant is not your thing, and you have an amazing business plan to bring to the area, well there is plenty of room for whatever you need to grow and/or expand your business. Maybe a full liquor license, maybe a dance floor? Where else can people get together to enjoy some dancing and socialize with locals and visitors that come to this area? Come see what the North-country has to offer you. Or bring your new ideas with you as you settle into this amazing town. Come be a part of the growth in our city Berlin. The sky is the limit!
- Asking Price: $390,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
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- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell businesses. Nonetheless, the genuine factor vs the one they tell you might be 2 entirely different things. For instance, they might say "I have way too many various obligations" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might simply be excuses to attempt to conceal the reality of transforming demographics, increased competitors, current reduction in profits, or an array of other factors. This is why it is really important that you not depend absolutely on a vendor's word, yet instead, use the seller's answer along with your general due diligence. This will repaint a much more realistic image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses take out loans in order to cover points such as supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can imply that earnings margins are too thin. Lots of organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that have to be met or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area draw in new consumers? Most times, companies have repeat clients, which develop the core of their day-to-day earnings. Certain variables such as new competitors sprouting up around the area, roadway construction, and also employee turn over can impact repeat clients and adversely impact future profits. One vital thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business on a regular basis, the greater the opportunity to construct a returning consumer base. A final idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? Exactly how might the neighborhood mean family earnings effect future income potential?