Listing ID: 81216
Excellent Kosher restaurant near Las Vegas Strip, excellent books and records, owner moving out of state, opportunity to increase hours and revenue
5 years, excellent location, excellent revenue and SDE
Well known in Las Vegas, excellent food
Open on weekends or later in evening for huge revenue increase, possibly double
Near strip in Las Vegas
- Asking Price: $300,000
- Cash Flow: $162,500
- Gross Revenue: $626,126
- EBITDA: N/A
- FF&E: $15,000
- Inventory: $1,500
- Inventory Included: Yes
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:915
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Strip Mall just off strip very low rent for this location!
moving out of state
Excellent food, excellent market!
very limited hours at this time, not open in the evening or on the weekends, open on the weekends and double the income!
The company was started in 2017, making the business 5 years old.
The deal does include inventory valued at $1,500, which is included in the suggested price.
The business has 5 employees and resides in a building with disclosed square footage of 915 sq ft.
The property is leased by the company for $2,287.50 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell operating businesses. Nonetheless, the true factor and the one they say to you may be 2 absolutely different things. For instance, they may claim "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these might just be reasons to try to hide the reality of transforming demographics, increased competition, current decrease in profits, or a range of other reasons. This is why it is very essential that you not count totally on a seller's word, however instead, make use of the seller's solution in conjunction with your total due diligence. This will paint a much more reasonable image of the business's current scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses borrow money with the purpose of covering things like stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can mean that profit margins are too small. Numerous businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that should be fulfilled or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in brand-new consumers? Most times, operating businesses have repeat clients, which create the core of their everyday profits. Particular factors such as new competitors growing up around the area, road construction, and also personnel turn over can affect repeat customers and adversely impact future profits. One crucial point to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business often, the greater the possibility to construct a returning client base. A final thought is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? Just how might the local median family earnings impact future income prospects?