Listing ID: 82122
This casual dining/takeout eatery seats 40 patrons and offers tacos, burritos, salads and rice bowls, with full compliment of proteins, fillings, toppings and sauces. Sales have averaged over $350,000 for the past 3 years. This is a great opportunity for a couple or family to step into a nice business with all the start-up work done (over $26,000 in build out and furniture, fixtures and equipment, plus $2,500 in inventory) and a solid customer base. Managers (six employees) are in place, but an owner/operator could increase the cashflow for themselves. As is, an absentee investor could step in, expand the catering revenue stream and take this business to the next level.
The current owners are busy with other business interests and full-time jobs and cannot devote necessary time to continue growth. They can share several potential avenues to expand sales. This is not a franchise operation. Non-Disclosure Agreement is required. Contact Rob Formanek, 402-505-0100, email@example.com, or Dennis Huffine, VP/Senior Business Broker, 402-350-6494, firstname.lastname@example.org for full details and to arrange a private tour.
- Asking Price: $150,000
- Cash Flow: $70,000
- Gross Revenue: $355,000
- EBITDA: N/A
- FF&E: $26,500
- Inventory: $2,500
- Inventory Included: Yes
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,450
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Located in rapidly growing area, with several other casual dining establishments nearby.
Other business interests
Typical for fast food business.
Add alcohol, expand catering marketing efforts, expand hours of operation, add breakfast items to menu.
The company was started in 2017, making the business 5 years old.
The deal does include inventory valued at $2,500, which is included in the requested price.
The business has 6 employees and is situated in a building with estimated square footage of 1,450 sq ft.
The property is leased by the business for $1,500 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell companies. However, the real factor vs the one they tell you might be 2 totally different things. For instance, they might state "I have a lot of other commitments" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these may simply be justifications to try to conceal the reality of altering demographics, increased competition, current reduction in profits, or a range of other reasons. This is why it is really vital that you not count absolutely on a vendor's word, but rather, make use of the vendor's solution along with your overall due diligence. This will repaint an extra reasonable picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies borrow money in order to cover things such as inventory, payroll, accounts payable, and so on. Keep in mind that in some cases this can imply that earnings margins are too thin. Lots of organisations fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that have to be satisfied or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area draw in brand-new consumers? Often times, operating businesses have repeat consumers, which create the core of their everyday earnings. Particular aspects such as brand-new competition growing up around the area, road construction, and also staff turn over can affect repeat consumers as well as adversely impact future profits. One essential thing to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Clearly, the more individuals that see the business regularly, the better the possibility to develop a returning customer base. A final idea is the general area demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? How might the regional average family earnings effect future income prospects?