Listing ID: 81434

Business Overview

Here is an opportunity to own one of the best restaurants in Fort Wayne, IN. The food is outstanding with long term employees. The business offers a unique dining experience and is busier now than it has ever been. There is growth potential adding immediate sales in the business with everything in place to do it with. Grandfathered 3-way liquor license included in the sale. Real estate also available to purchase. Owner will carry contract to qualified buyer. They are having one of their best years.

Financial

  • Asking Price: N/A
  • Cash Flow: $106,500
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $30,000
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Facility is maintained in good condition.

Is Support & Training Included:

Seller will train as long as needed.

Purpose For Selling:

Retirement

Pros and Cons:

Uni que restaurant ..... not many like it.

Opportunities and Growth:

Buyer can expand catering.... trucks and equipment included in sale. Seller does not do much by design.

Additional Info

The sale doesn't include inventory valued at $30,000*, which ins't included in the suggested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people choose to sell businesses. However, the true reason and the one they say to you might be 2 absolutely different things. As an example, they may state "I have a lot of various obligations" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competitors, recent reduction in earnings, or an array of other factors. This is why it is really important that you not count completely on a seller's word, but rather, make use of the seller's answer in conjunction with your general due diligence. This will repaint a more practical picture of the business's present situation.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses take out loans in order to cover things such as stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can mean that revenue margins are too small. Many organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that have to be satisfied or may cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location bring in new clients? Many times, businesses have repeat customers, which form the core of their daily earnings. Specific elements such as brand-new competition growing up around the location, roadway building, as well as employee turnover can affect repeat consumers as well as negatively influence future profits. One important point to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business often, the greater the chance to build a returning consumer base. A last thought is the basic location demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? Exactly how might the local average household earnings effect future revenue potential?