Listing ID: 79022
Regionally Recognized and Successful Eggies Family Restaurant located on Busy Main Street in Atkinson, NH. Real Estate, Business, FF&E, Goodwill & Inventory offered at $550,000.
Great Location at the crossroads of Multiple township. Real estate includes well maintained Building with plenty of parking. Highly profitable comfort food menu featuring both signature and traditional selections. Great investment opportunity for ambitious Owner /Operator to be their own Landlord.
- Asking Price: $550,000
- Cash Flow: $70,000
- Gross Revenue: $250,000
- EBITDA: N/A
- FF&E: $150,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2010
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:1,800
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
Owner Operated with 8 Full Time Employees
Owner will assist in training/transition for 2 weeks
None in immediate area
Extended Hours of Operation .... Possibly Dinner
The venture was founded in 2010, making the business 12 years old.
The company has 9 employees and resides in a building with approx. square footage of 1,800 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell operating businesses. Nevertheless, the genuine reason and the one they say to you might be 2 completely different things. As an example, they might claim "I have way too many other commitments" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these may just be justifications to attempt to conceal the reality of transforming demographics, increased competitors, recent decrease in profits, or an array of various other factors. This is why it is very crucial that you not rely totally on a vendor's word, however instead, use the vendor's response along with your overall due diligence. This will repaint an extra reasonable picture of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money with the purpose of covering items like inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can suggest that earnings margins are too tight. Numerous businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that should be satisfied or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in new consumers? Many times, businesses have repeat clients, which create the core of their everyday earnings. Particular aspects such as brand-new competition growing up around the location, road building and construction, and employee turn over can affect repeat consumers as well as negatively impact future revenues. One essential point to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business often, the better the opportunity to construct a returning consumer base. A last idea is the basic location demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? Exactly how might the local median house income effect future income potential?