Listing ID: 81246
Excellent Restaurant near Las Vegas Strip, excellent financials, owner moving out of state, opportunity to increase hours and revenue
- Asking Price: $300,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $15,000
- Inventory: $1,500
- Inventory Included: N/A
- 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
moving out of state
Excellent Location, Add types of Foods, Currently Limited Kosher Hours
Add a second type of food on Weekends and Evenings, increase hours and days
The business was established in 2017, making the business 5 years old.
The sale won't include inventory valued at $1,500*, which ins't included in the requested price.
The company has 5 employees and resides in a building with approx. square footage of 915 sq ft.
The property is leased by the company for $3,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell companies. However, the true factor and the one they say to you might be 2 totally different things. As an example, they may say "I have way too many various commitments" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might just be excuses to try to conceal the reality of transforming demographics, increased competitors, current reduction in earnings, or a range of various other reasons. This is why it is very vital that you not rely completely on a seller's word, yet rather, make use of the vendor's answer in conjunction with your overall due diligence. This will paint a more realistic image of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Many companies borrow money with the purpose of covering items like stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that revenue margins are too small. Many businesses come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that must be satisfied or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location attract new clients? Many times, businesses have repeat clients, which develop the core of their everyday earnings. Particular factors such as brand-new competition growing up around the location, road building, as well as employee turn over can affect repeat customers and also negatively impact future incomes. One essential point to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business often, the higher the opportunity to build a returning client base. A last thought is the basic area demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? How might the local typical house earnings effect future earnings potential?