Listing ID: 79010
Fully Equipped Restaurant opportunity available immediately. This full-service restaurant is open for dinner (6) Nights and Lunch Fri., Sat., & Sun.
This 2,000 Sq. Ft space has a capacity of 48 seats with an additional 3 tables for outside dining. This comfortable establishment has become a favorite gathering spot for the local community. Featuring both classic American Fare and popular
ethnic dishes this business has enjoyed month to month sales increases.
This popular concept is easy to execute and has desirable profit margins. A great opportunity for ambitious owner to capitalize on current success and grow revenue and cash flow.
- Asking Price: $100,000
- Cash Flow: $65,000
- Gross Revenue: $550,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,100
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
Fully Equipped, with walk in freezer and cooler. Most equipment Is less than year old. Full Bar, sit in dining room and spacious kitchen with lot of storage.
Sellers will assist new owners for up to 2 Weeks to ensure seamless transition
Opportunity to expand business with addition of menu items, increase hours, addition of delivery
The venture was founded in 2020, making the business 2 years old.
The company has 10 employees and is located in a building with estimated square footage of 2,100 sq ft.
The property is leased by the business for $3,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell operating businesses. Nonetheless, the genuine factor and the one they tell you might be 2 totally different things. As an example, they might say "I have way too many various obligations" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may simply be justifications to attempt to conceal the reality of changing demographics, increased competitors, current decrease in incomes, or a range of other reasons. This is why it is extremely important that you not count absolutely on a seller's word, but rather, use the vendor's response together with your general due diligence. This will paint an extra sensible image of the business's present situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses finance loans in order to cover points such as stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can suggest that profit margins are too tight. Lots of companies fall 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 may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that should be fulfilled or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract new customers? Many times, businesses have repeat customers, which create the core of their day-to-day profits. Specific aspects such as brand-new competitors growing up around the location, roadway building and construction, and employee turn over can affect repeat clients as well as adversely affect future profits. One vital point to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business often, the greater the opportunity to develop a returning consumer base. A final thought is the basic area demographics. Is the business located in a largely populated city, or is it situated on the outskirts of town? Just how might the regional median home income influence future revenue prospects?