Listing ID: 81204
Business Overview
SUBMIT ALL OFFERS SELLER IS VERY MOTIVATED! Gorgeous new build out, turn key restaurant located on Durango and Desert Inn along with Durango Lodge and Chevron. Seller spent over 450k in upgrades and has occupied the space for 2 years now. This is an asset sale only. No income is being represented. Any food, bakery or other concept can work except Pizza. Sale includes furniture fixtures and equipment only. Seller is very motivated and will entertain all offers. Please do not approach the business as the employees are not aware of the sale. Current inventory can be included. Please contact Jennifer Weinberg BHHS NV Properties 702-326-1055 jennifersellslasvegas@gmail.com
Financial
- Asking Price: $175,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Fully equipped kitchen with grease trap and hood
2 weeks if needed
Moving and retiring
Additional Info
The company was started in 2019, making the business 3 years old.
The real estate is leased by the company for $3,552 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell businesses. However, the true factor vs the one they say to you may be 2 entirely different things. For instance, they may claim "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may just be excuses to attempt to conceal the reality of transforming demographics, increased competition, current decrease in earnings, or a variety of other factors. This is why it is really crucial that you not count absolutely on a vendor's word, yet instead, use the seller's response in conjunction with your total due diligence. This will paint a more reasonable picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses borrow money so as to cover points such as stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can suggest that profit margins are too small. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that have to be fulfilled or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location draw in new customers? Most times, companies have repeat clients, which create the core of their everyday profits. Particular elements such as new competition growing up around the area, roadway building and construction, and also staff turn over can influence repeat clients and negatively influence future profits. One essential thing to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Clearly, the more individuals that see the business regularly, the better the possibility to develop a returning client base. A last thought is the basic location demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Exactly how might the neighborhood median household income influence future income prospects?
