Business Overview

Chicken wings, fish and burger restaurant in Atlanta for sale, take-out and delivery only with the possibility of dine-in, been in business for little over a year, the restaurant is located on a busy, high-traffic road with all equipment in a great condition. Surrounded by plenty of residential and commercial properties, this business never reached its full potential.

Easy operation, with steady stream of traffic, 2 cooks and one cashier run the show with limited operation hours of 12 pm to 8 pm, relative to the surrounding restaurants, this restaurant offers a unique combination of menu. Depending on new owner’s creativity and willingness to expand menu items, there’s definitely a great potential for revenue growth.

Monthly sales are ranging from $24,000 to $30,000 per month
Average monthly payroll of $7,020
All in rent is $2,500
Monthly utilities and phone $1,100

PROOF OF FUNDS AND SIGNED NDA MUST BE RECEIVED PRIOR TO DISCLOSING ANY FURTHER INFORMATION. THIS IS AN OPERATING BUSINESS; PLEASE REFRAIN FROM SPEAKING TO STAFF OR MANAGEMENT.

Attention Business Owners: We are always in search of quality businesses to sell, so if you are thinking of selling your business or would like to acquire another business, please call us to discover the difference that is.

Financial

  • Asking Price: $99,000
  • Cash Flow: N/A
  • Gross Revenue: $300,000
  • EBITDA: N/A
  • FF&E: $30,000
  • Inventory: $1,000
  • Inventory Included: Yes
  • Established: 2020

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:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

1,200 sf +/- in a busy intersection adjacent to a convenient store.

Is Support & Training Included:

Owner will provide some training - length of training will depend on buyer's experience.

Purpose For Selling:

moving out of the area

Opportunities and Growth:

Relative to the surrounding restaurants, this restaurant offers a unique combination of menu. Depending on new owner's creativity and willingness to expand menu items, there's definitely a great potential for revenue growth.

Additional Info

The company was founded in 2020, making the business 2 years old.
The transaction does include inventory valued at $1,000, which is included in the suggested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals decide to sell companies. Nevertheless, the genuine factor vs the one they tell you might be 2 completely different things. For instance, they might claim "I have way too many various commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might simply be excuses to try to conceal the reality of transforming demographics, increased competition, recent reduction in revenues, or an array of various other factors. This is why it is really important that you not depend totally on a vendor's word, however rather, utilize the seller's solution along with your total due diligence. This will paint a much more reasonable image of the business's existing circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies finance loans in order to cover items such as supplies, payroll, accounts payable, etc. Keep in mind that sometimes this can indicate that revenue margins are too small. Lots of companies fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that should be fulfilled or may result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area bring in new consumers? Most times, businesses have repeat customers, which create the core of their day-to-day revenues. Certain variables such as new competition growing up around the location, road building and construction, and personnel turnover can impact repeat customers as well as adversely affect future revenues. One important point to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more individuals that see the business often, the greater the possibility to build a returning client base. A final thought is the basic location demographics. Is the business located in a largely populated city, or is it situated on the edge of town? Exactly how might the neighborhood average family earnings impact future income prospects?