Listing ID: 81264
Business Overview
Very well-established full-service restaurant with bar. Serves lunch and dinner 7 days a week and is fully staffed. Restaurant has a reputation of providing high quality food with excellent service. Owners to retire.
Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or the Contact Seller button or email Katrina Loftin at katrina@mabusinessadvisors.com or call 775-828-5400 to receive a confidentiality agreement and to learn more about this opportunity.
Financial
- Asking Price: $890,000
- Cash Flow: $564,864
- Gross Revenue: $1,428,329
- EBITDA: N/A
- FF&E: N/A
- Inventory: $4,000
- Inventory Included: Yes
- Established: 1989
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,700
- Lot Size:N/A
- Total Number of Employees:13
- Furniture, Fixtures and Equipment:N/A
Located in strip center
] Seller will provide training at no cost to buyer.
Retirement
Additional Info
The business was started in 1989, making the business 33 years old.
The deal shall include inventory valued at $4,000, which is included in the listing price.
The company has 13 employees and is located in a building with disclosed square footage of 2,700 sq ft.
The property is leased by the company for $5,900 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell companies. However, the true reason and the one they tell you might be 2 absolutely different things. For instance, they may say "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might simply be justifications to try to conceal the reality of altering demographics, increased competition, recent decrease in revenues, or an array of other reasons. This is why it is extremely crucial that you not count absolutely on a vendor's word, however rather, use the seller's answer in conjunction with your general due diligence. This will repaint an extra realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses finance loans in order to cover things such as supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can mean that earnings margins are too small. Many companies fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that should be satisfied or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in brand-new consumers? Often times, businesses have repeat customers, which develop the core of their day-to-day profits. Particular aspects such as brand-new competition sprouting up around the location, road construction, and employee turn over can impact repeat consumers as well as adversely affect future earnings. One crucial point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business often, the greater the chance to build a returning client base. A last idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? Exactly how might the regional typical household earnings effect future income prospects?
