Listing ID: 81071

Business Overview

Rare drive-thru. The financials are projections based on 6 months operation history. Seller lives out of state and needs a local, day to day operator who
can get the business operational and employees trained with locals aware of the new restaurant brand. The ideal buyer is someone with food/restaurant
experience and who has the team or time to be a owner operator. Support and Training will be outstanding ensuring a smooth transition. The seller states
that the experienced and dedicated staff will all be willing to stay on with the new owner of this business. 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 trent@fcbb.com.

Financial

  • Asking Price: $445,000
  • Cash Flow: $282,882
  • Gross Revenue: $1,275,989
  • EBITDA: N/A
  • FF&E: $350,000
  • Inventory: $1,500
  • Inventory Included: Yes
  • Established: 2019

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,402
  • Lot Size:N/A
  • Total Number of Employees:17
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a leased location of 2,402 square feet with a Total monthly rent of $10,088.40. Lease ends 6/2032 options with 5, 5 year options.. Seller is active with 17FT employees. Hours of operation are 11am - 11pm, Monday - Sunday.. $1,500 in inventory and $350,000in FF&E included in the asking Price. $250,000 made in leasehold improvements.

Is Support & Training Included:

14 days

Purpose For Selling:

Seller lives out of state and can't operate it.

Additional Info

The venture was established in 2019, making the business 3 years old.
The transaction will include inventory valued at $1,500, which is included in the listing price.

The company has 17 employees and is situated in a building with approx. square footage of 2,402 sq ft.
The building is leased by the company for $10,088.40 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people decide to sell companies. However, the true factor vs the one they say to you might be 2 absolutely different things. As an example, they may state "I have too many other obligations" or "I am retiring". For many sellers, these reasons stand. But, for some, these may just be excuses to attempt to conceal the reality of altering demographics, increased competition, recent reduction in revenues, or an array of other factors. This is why it is extremely important that you not count totally on a seller's word, however rather, use the seller's solution combined with your overall due diligence. This will paint a more realistic picture of the business's existing situation.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans with the purpose of covering items like inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that revenue margins are too small. Numerous companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to think about. There may 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 cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location bring in brand-new clients? Many times, companies have repeat clients, which form the core of their everyday earnings. Particular factors such as brand-new competitors growing up around the area, roadway building and construction, and also staff turnover can impact repeat clients and also adversely influence future earnings. One vital thing to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business regularly, the greater the opportunity to build a returning customer base. A final idea is the general area demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? How might the local mean household earnings influence future earnings potential?