Business Overview

A unique dining concept from their grill to your door. Hot complete meal delivery from sandwiches and steaks to sides, salads and desserts. Unlike others that “do” delivery, this concept is built “around” delivery, so the packaging and processes support that high-end restaurant taste when it arrives at your door. Steaks (the premier and primary delivery items) are 100% grain fed USDA graded American beef. Menus boast a wide array of sides from baked beans, loaded baked potato with sour cream to everybody’s favorite Mac & Cheese. Well-established business that did not simply “survive” COVID but actually thrived through COVID. Consistent book of business projected to do over $850,000 in revenue this year. Tenured General Manager in place to support sustained and even continued growth of the business. Solid POS system to guide phone and on-line ordering but also instructing the cooks (steaks prepared to specific orders) and directing the drivers for flawless fabulous food delivery. Great book of business (including catering) with outstanding records so you can buy with confidence. Owners looking to retire after more than 13 years in the business. Business driving about $85,000 yearly to the bottom-line.

Financial

  • Asking Price: $225,000
  • Cash Flow: $85,000
  • Gross Revenue: $857,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $5,000
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:10
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

retirement

Additional Info

The sale will include inventory valued at $5,000, which is included in the requested price.

The company has 10 employees and resides in a building with approx. square footage of N/A sq ft.
The real estate is leased by the business for $1,905 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell operating businesses. Nevertheless, the genuine reason and the one they say to you may be 2 completely different things. As an example, they may say "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may simply be reasons to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in incomes, or a range of various other factors. This is why it is extremely vital that you not count entirely on a seller's word, however rather, make use of the seller's response in conjunction with your total due diligence. This will paint a more practical picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses borrow money so as to cover things such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that profit margins are too small. Numerous organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that have to be satisfied or may lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location draw in brand-new consumers? Many times, businesses have repeat consumers, which create the core of their day-to-day earnings. Specific aspects such as brand-new competition sprouting up around the area, roadway construction, as well as employee turn over can affect repeat clients and also adversely affect future profits. One vital point to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the higher the opportunity to develop a returning client base. A final idea is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? How might the local mean family earnings impact future income prospects?