Listing ID: 82085
This is an original restaurant concept that opened for business in Arely 2018. The business crushed it’s sales goals in 2018 and 2019 by more than 30%, and continues to operate profitably even during the pandemic. This business could easily be franchised.
- Asking Price: $467,500
- Cash Flow: $187,374
- Gross Revenue: $1,489,480
- EBITDA: N/A
- FF&E: $179,231
- Inventory: $10,000
- Inventory Included: Yes
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,641
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
Great location, great decor and buildout, with plenty of parking
The seller will train the new owner, Turn key with staff in place
Seller is moving
Very little competition in the area.
This business could easily be franchised, add a food truck, add catering, or add take-out only locations.
The venture was founded in 2018, making the business 4 years old.
The sale will include inventory valued at $10,000, which is included in the requested price.
The business has 7FT/18PT employees and resides in a building with approx. square footage of 3,641 sq ft.
The building is leased by the business for $7,278 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell companies. However, the real factor vs the one they tell you might be 2 entirely different things. For instance, they might say "I have way too many other commitments" or "I am retiring". For many sellers, these reasons stand. But, for some, these might just be reasons to attempt to hide the reality of altering demographics, increased competitors, recent reduction in incomes, or an array of various other reasons. This is why it is really essential that you not count absolutely on a seller's word, but instead, make use of the vendor's solution in conjunction with your general due diligence. This will paint a more sensible picture of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Many businesses finance loans in order to cover items like stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can suggest that revenue margins are too thin. Many businesses come under a revolving door of taking on debt as a way to pay back various 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 structure 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
How do companies in the area bring in new customers? Most times, operating businesses have repeat customers, which develop the core of their daily revenues. Particular variables such as new competition sprouting up around the location, roadway building, and also personnel turnover can impact repeat clients as well as adversely influence future profits. One vital point to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the greater the opportunity to develop a returning consumer base. A final thought is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? Exactly how might the regional mean household income impact future revenue potential?