Business Overview

The owner has taken great pride in making the dining experience memorable. Fully staffed and ready for a new owner to take over and expand. The establishment offers superb meals in a relaxed and comfortable setting. Great food, wine, drinks, and service make this place the best in the area. This place is close to 4000 sq feet, rent is very fair and includes the liquor license which will be transferred. The build-out is very detailed with no expense spared. Include approx. $16,000 of Inventory.

Financial

  • Asking Price: $249,000
  • Cash Flow: $159,986
  • Gross Revenue: $1,000,442
  • EBITDA: N/A
  • FF&E: $287,000
  • Inventory: $26,000
  • Inventory Included: Yes
  • Established: 2014

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:4,000
  • Lot Size:N/A
  • Total Number of Employees:17
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Fully equipped restaurant and wine bar. Equipment list will be provided upon request

Is Support & Training Included:

30 days

Purpose For Selling:

retirement

Additional Info

The business was started in 2014, making the business 8 years old.
The deal does include inventory valued at $26,000, which is included in the listing price.

The business has 17 employees and resides in a building with estimated square footage of 4,000 sq ft.
The real estate is leased by the company for $6,033 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people choose to sell operating businesses. Nonetheless, the genuine factor and the one they say to you may be 2 completely different things. For instance, they may claim "I have way too many other commitments" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may just be justifications to try to conceal the reality of transforming demographics, increased competition, current decrease in profits, or an array of other reasons. This is why it is extremely essential that you not count completely on a seller's word, but instead, utilize the vendor's answer combined with your general due diligence. This will repaint an extra practical picture of the business's current scenario.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses take out loans so as to cover things like stock, payroll, accounts payable, and so on. Remember that occasionally this can mean that revenue margins are too tight. Lots of organisations fall 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 think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that have to be met or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location bring in new customers? Many times, companies have repeat clients, which develop the core of their everyday profits. Particular aspects such as new competition sprouting up around the location, roadway construction, as well as staff turn over can affect repeat clients as well as adversely impact future earnings. One essential thing to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the greater the opportunity to build a returning consumer base. A last thought is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood typical house earnings influence future revenue potential?