Listing ID: 79266
Amazing classic Italian restaurant. Great staff. Seats 200.
Catering and delivery included.
Award winning products.
Nearly two decades at this location.
Sales up significantly over 2019 for 2021. Real growth.
Owner insists on NDA, ID, & Proof of Funds before releasing this information.
- Asking Price: $750,000
- Cash Flow: $375,000
- Gross Revenue: $1,400,000
- EBITDA: $300,000
- FF&E: $75,000
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2002
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
New kitchen equipment and freshly updated interior. Looks great. Food is awesome.
Two weeks included but can negotiate what you need.
Top of the market, Great numbers.
Lots of room to market and grow business.
The business was founded in 2002, making the business 20 years old.
The sale shall not include inventory valued at $5,000*, which ins't included in the requested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell businesses. However, the true reason and the one they tell you may be 2 completely different things. For instance, they may state "I have 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 try to hide the reality of altering demographics, increased competition, current decrease in profits, or a range of various other reasons. This is why it is very important that you not depend entirely on a seller's word, however rather, make use of the vendor's answer in conjunction with your total due diligence. This will repaint a much more reasonable picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies take out loans in order to cover points such as supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can suggest that profit margins are too tight. Lots of businesses fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that must be met or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location attract new clients? Many times, operating businesses have repeat consumers, which develop the core of their day-to-day earnings. Specific elements such as brand-new competitors sprouting up around the location, road building and construction, and also staff turn over can impact repeat customers as well as negatively influence future earnings. One essential point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Clearly, the more individuals that see the business often, the higher the chance to develop a returning customer base. A final idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? Just how might the local typical home income impact future income prospects?