Listing ID: 81426
Very active well-established American fast food restaurant in a very busy shopping center in one the best locations of Las Vegas, With over 10 years of establishment. Serving Gyros, Kabobs, Philadelphia Cheese Steak Sandwiched to name a few.
Steady daily (Local) customers.
- Asking Price: $230,000
- Cash Flow: $140,000
- Gross Revenue: $600,000
- EBITDA: N/A
- FF&E: $120,000
- Inventory: $15,000
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,500
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Leaving the state.
Well-established business no-advertising .Steady customers.
Lots of room for expansion. Delivery can be added.
The venture was started in 2013, making the business 9 years old.
The sale shall not include inventory valued at $15,000*, which ins't included in the suggested price.
The company has 3 employees and is located in a building with estimated square footage of 1,500 sq ft.
The real estate is leased by the company for $4,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell companies. Nevertheless, the genuine factor vs the one they tell you might be 2 completely different things. As an example, they may say "I have too many other commitments" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may simply be justifications to attempt to hide the reality of altering demographics, increased competition, current reduction in profits, or a range of other factors. This is why it is really vital that you not rely absolutely on a seller's word, but instead, make use of the seller's response combined with your overall due diligence. This will paint a more reasonable image of the business's present situation.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies borrow money so as to cover points like inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can indicate that earnings margins are too thin. Numerous companies fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that have to be met or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location attract brand-new clients? Most times, companies have repeat consumers, which form the core of their everyday revenues. Specific elements such as new competitors growing up around the location, road construction, and personnel turn over can impact repeat customers as well as negatively influence future profits. One vital thing to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the better the chance to construct a returning customer base. A last idea is the basic area demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? Just how might the local mean home earnings influence future revenue prospects?