Business Overview

Exciting opportunity to own a full-service and turnkey restaurant opportunity with increasing revenue year over year. This locally owned restaurant has been around for fifteen plus years and is located just North of Boston. This profitable and longstanding restaurant has been devotedly serving customers and offering quality homemade food in a cozy family friendly restaurant that seats more than 150 customers. The restaurant has a fully functional bar and function hall. You can eat in, take out, have an event catered, or host an event at the restaurant. Located in an active plaza with 20 plus other businesses and offering ample parking. This is an opportunity to own a restaurant on day 1 that yields $1.4 million annually in revenue. We have so much more information to share. Some seller financing considered. Priced to sell.

Financial

  • Asking Price: $395,000
  • Cash Flow: $137,000
  • Gross Revenue: $1,292,618
  • EBITDA: N/A
  • FF&E: $100,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

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:18
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

change

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people resolve to sell businesses. Nonetheless, the real reason vs the one they tell you might be 2 entirely different things. For instance, they might say "I have a lot of various commitments" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these may simply be reasons to attempt to conceal the reality of altering demographics, increased competitors, recent reduction in incomes, or an array of various other reasons. This is why it is really crucial that you not depend totally on a vendor's word, however instead, utilize the vendor's solution in conjunction with your general due diligence. This will paint an extra realistic picture of the business's present circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies finance loans so as to cover items like inventory, payroll, accounts payable, and so on. Keep in mind that in some cases this can mean that revenue margins are too tight. Numerous organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that should be satisfied or might result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area bring in brand-new consumers? Most times, businesses have repeat consumers, which create the core of their daily earnings. Certain factors such as brand-new competitors sprouting up around the location, road building, as well as personnel turn over can influence repeat consumers and adversely influence future profits. One important thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business on a regular basis, the better the possibility to develop a returning client base. A final thought is the basic area demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? Exactly how might the regional mean household income influence future revenue potential?