Listing ID: 81049
This is an asset sale, name and recipes not included. The location is prime for take-out and does nearly $450,000 in gross revenue and over $100,000 net profit. Ideal buyer has their own concept, recipes and brand and is looking for a prime location with grease trap and hood. For more information including a detailed confidential opportunity summary with financial information and photos, please use the form on this page to request more information and the NDA will be emailed to you right away. For a quick response to your inquiry, please email listing agent Trent Lee (RE#S.0183611.LLC; Business Broker Permit# BUSB.0006978) at firstname.lastname@example.org.
- Asking Price: $70,000
- Cash Flow: $100,000
- Gross Revenue: $418,226
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $1,000
- Inventory Included: Yes
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:957
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 957 square feet with a Total monthly rent of $1,995. Lease ends 03/2023 with Two 7-year options. Seller is active with 2 PT employees. Hours of operation are 11am – 9:30pm, Monday to Sunday. $1,000 in inventory and $50,000 in FF&E included in the asking Price. $75,000 made in leasehold improvements.
Seller is opening a new location
The business was established in 2019, making the business 3 years old.
The sale does include inventory valued at $1,000, which is included in the requested price.
The business has 2 PT employees and is situated in a building with approx. square footage of 957 sq ft.
The building is leased by the company for $1,995 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell operating businesses. Nevertheless, the true reason vs the one they say to you might be 2 completely different things. For instance, they might claim "I have too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may simply be reasons to try to hide the reality of altering demographics, increased competitors, current reduction in incomes, or a range of various other reasons. This is why it is extremely crucial that you not rely absolutely on a seller's word, however rather, utilize the seller's solution in conjunction with your total due diligence. This will repaint an extra practical image of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses borrow money so as to cover things like stock, payroll, accounts payable, etc. Keep in mind that occasionally this can imply that profit margins are too tight. Many organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments 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 vendors that have to be fulfilled or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in new customers? Often times, companies have repeat clients, which form the core of their daily profits. Particular aspects such as new competition sprouting up around the area, road building, and personnel turn over can affect repeat consumers and negatively influence future revenues. One essential point to consider is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the better the opportunity to construct a returning consumer base. A final thought is the basic location demographics. Is the business placed in a largely inhabited city, or is it situated on the outskirts of town? Just how might the local median house income impact future earnings prospects?