Listing ID: 79312
Restaurant has 50 seats in and 20 seats out .The owner has been there five years and is going to retire.The hours of operation are Tues-Sat 8am/1-30pm Sun 8AM-12/45 PM.The restaurant could bee open many more hours along with early dinner.The restaurant is closed monday and tuesday.The kitchen is well set up with all flat tops stoves ect.There is a walk in refrig with freezer.
- Asking Price: $179,000
- Cash Flow: $85,000
- Gross Revenue: $395,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,800
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
In good shape
will stay one month
The venture was founded in 2018, making the business 4 years old.
The business has 4 employees and is situated in a building with approx. square footage of 1,800 sq ft.
The real estate is leased by the business for $4,582 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell businesses. However, the true reason vs the one they tell you might be 2 completely different things. As an example, they may say "I have too many various commitments" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may simply be reasons to try to hide the reality of transforming demographics, increased competitors, recent reduction in earnings, or a range of other factors. This is why it is really important that you not depend absolutely on a vendor's word, yet rather, make use of the seller's response along with your general due diligence. This will paint an extra sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Lots of businesses finance loans with the purpose of covering items such as stock, payroll, accounts payable, etc. Remember that sometimes this can imply that earnings margins are too small. Numerous organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments 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 vendors that have to be satisfied or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location attract brand-new clients? Often times, businesses have repeat clients, which develop the core of their daily earnings. Certain variables such as brand-new competitors growing up around the location, roadway construction, and also personnel turnover can affect repeat clients and adversely affect future incomes. One vital point to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the greater the possibility to construct a returning consumer base. A final idea is the general location demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Exactly how might the regional average household income impact future earnings prospects?