Listing ID: 79409
Seats 80 with 60 Seats inside and 20 outside. Full kitchen with full hood system. Large walkin cooler. All new chairs. Wine and beer lic. Established 12 years with 11 employees. Also has contract with city for food court in pool area for summer recreation. Contract runs seven days a week from end of may through nov.
- Asking Price: $150,000
- Cash Flow: $100,000
- Gross Revenue: $400,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $3,000
- Inventory Included: N/A
- Established: 2009
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,100
- Lot Size:N/A
- Total Number of Employees:11
- Furniture, Fixtures and Equipment:N/A
In excellent condition
Will stay one mth
The venture was founded in 2009, making the business 13 years old.
The sale shall not include inventory valued at $3,000*, which ins't included in the asking price.
The business has 11 employees and resides in a building with approx. square footage of 2,100 sq ft.
The real estate is leased by the business for $2,130 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell operating businesses. Nevertheless, the genuine factor vs the one they tell you may be 2 completely different things. For instance, they may say "I have a lot of other commitments" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might just be reasons to attempt to hide the reality of altering demographics, increased competition, current decrease in profits, or a variety of various other factors. This is why it is very essential that you not depend entirely on a vendor's word, but instead, utilize the seller's response together with your general due diligence. This will repaint a much more sensible picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses borrow money with the purpose of covering items such as inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that earnings margins are too small. Many 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 additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that have to be met or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in new consumers? Often times, operating businesses have repeat consumers, which develop the core of their daily revenues. Particular aspects such as new competition growing up around the area, road building, as well as personnel turn over can affect repeat clients and adversely influence future incomes. One vital point to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business often, the greater the possibility to construct a returning customer base. A last idea is the basic location demographics. Is the business located in a largely populated city, or is it located on the edge of town? Exactly how might the regional mean house income influence future revenue prospects?