Listing ID: 80199
Downtown Woodstock GA Restaurant & Bar for Sale – Fully Equipped Profitable Well Established Turnkey – Keep or Convert.
Downtown Woodstock GA Restaurant for Sale.
Fully Equipped, Profitable, Well Established, Turnkey.
Keep or Convert to any concept.
Seating for almost 100. There is room to add dramatically more seating.
State of the Art Kitchen.
Long-term lease at $5,333 per month.
2021 Gross Sales are approximately $65,000 per month.
2021 Net Profit is about $20,000 monthly.
Short operating hours mean super potential by adding more shifts.
Priced at $695,000 with some Owner financing options available.
- Asking Price: $695,000
- Cash Flow: $240,000
- Gross Revenue: $780,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
5,000/SF. Full Bar. Seating for almost 100. There is room to add dramatically more seating. State of the Art Kitchen. Long-term lease at $5,333 per month.
Other business interests.
Ask broker for details.
Keep or Convert to any concept. Short operating hours mean super potential by adding more shifts.
The building is leased by the company for $5,333 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell companies. Nonetheless, the real factor vs the one they tell you may be 2 entirely different things. As an example, they might state "I have a lot of other commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might simply be reasons to attempt to conceal the reality of altering demographics, increased competition, recent decrease in earnings, or an array of other reasons. This is why it is really crucial that you not rely absolutely on a vendor's word, but rather, use the vendor's solution combined with your total due diligence. This will paint a much more sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses finance loans so as to cover items such as inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can suggest that profit margins are too small. Numerous businesses come under a revolving door of taking on debt 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 equipment or the building where the business resides. The business may have existing agreements with suppliers that should be satisfied or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in brand-new consumers? Most times, operating businesses have repeat clients, which develop the core of their daily earnings. Particular aspects such as new competition sprouting up around the location, roadway building, as well as employee turnover can influence repeat consumers and also adversely impact future revenues. One important thing to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the better the opportunity to develop a returning consumer base. A final thought is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? Exactly how might the regional average family earnings impact future earnings prospects?