Listing ID: 80956
This restaurant located on a busy street and has a drive thru. The facilities are super clean. The business has steady takeout stream, drive thru traffic and dine in crowds. They have a very loyal customer base for lunch and dinner. There is growth opportunity by extending the hours for breakfast and additional days. They are only open 5 days a week.
The sales are consistently on an upward trend, and their cash flow is strong and they enjoy a good profit margin.
Locally, the Reno, Sparks, and Carson City area has a small town feel with a big city attitude. The city offers excellent shopping and dining options, robust nightlife offerings, high-performance schools, including a Tier 1 University with over 25,000 students—and is just a half hour from beautiful Lake Tahoe.
From a Business perspective, Northern Nevada is highly regarded as a pro-business, low-tax environment that appeals to a wide range of business and industry. With no personal, corporate, franchise, estate, inheritance, or inventory tax, it’s no wonder that Nevada ranks #3 Most Business-Friendly Tax Climate.
- Asking Price: $500,000
- Cash Flow: $225,909
- Gross Revenue: $1,173,641
- EBITDA: N/A
- FF&E: N/A
- Inventory: $2,500
- Inventory Included: Yes
- Established: 2004
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,004
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
Leased 2,004 sf. Lease expires December 31, 2023. Option for 5 more years.
The Sellers will train the Buyer in the operation of the business, introduce the Buyer to their current customers, vendors and employees, and share the accumulated knowledge gained over their 15 plus years in business. Seller is committed to Buyer's success and will do everything necessary to ensure a smooth and successful transition.
This restaurant has a great location in a busy shopping center on a very busy street. While there are many other food establishments in the area, many customers are regulars because of the easy access and central location - and unique food offerings.
In general, there are many growth opportunities available for this restaurant in today's market with a new owner. The Sellers will gladly share their ideas for growth with serious Buyers.
The company was founded in 2004, making the business 18 years old.
The transaction will include inventory valued at $2,500, which is included in the asking price.
The business has 10 employees and is located in a building with estimated square footage of 2,004 sq ft.
The property is leased by the business for $6,050 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell operating businesses. However, the genuine reason vs the one they tell you may be 2 absolutely different things. As an example, they may say "I have too many various obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these might simply be excuses to try to hide the reality of altering demographics, increased competition, current decrease in revenues, or a variety of various other factors. This is why it is extremely crucial that you not count absolutely on a seller's word, but rather, use the vendor's solution along with your overall due diligence. This will paint an extra practical image of the business's present situation.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Many companies borrow money with the purpose of covering points like inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can imply that revenue margins are too tight. Numerous organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that should be met or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in brand-new customers? Many times, companies have repeat customers, which form the core of their day-to-day revenues. Specific factors such as brand-new competitors sprouting up around the area, road building and construction, and also staff turn over can influence repeat consumers and adversely affect future earnings. One vital thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business on a regular basis, the greater the chance to build a returning consumer base. A last thought is the general location demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the local median house earnings impact future revenue prospects?