Business Overview

Long established, profitable, well run family style restaurant. This business has some of the best home cooked food you’ve tasted! Seller has seasoned employees and managers in place such that the business is self-sufficient and allows him time off to travel, visit family. Serves breakfast, lunch, and dinner; great location, popular community establishment that brings customers from all over as well as road travelers. Seller will provide full training and transition.

Real estate is available to purchase, or Seller will consider leasing the property to a Buyer. Property is priced as $340,000.

Due to the confidential nature of a business sale, the exact town location has not been included in the listing. Please contact Matthew Ashburn for more details, and learn about how you can become an owner of a solid business, that is fun to own, systems in place, and has potential for more growth!

Financial

  • Asking Price: $410,000
  • Cash Flow: $146,000
  • Gross Revenue: $1,231,000
  • EBITDA: N/A
  • FF&E: $32,000
  • Inventory: $12,000
  • Inventory Included: Yes
  • Established: 1999

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:

Real estate available for lease or purchase

Is Support & Training Included:

Seller will negotiate a transition period

Purpose For Selling:

Retirement

Additional Info

The venture was founded in 1999, making the business 23 years old.
The transaction does include inventory valued at $12,000, which is included in the listing price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals resolve to sell operating businesses. However, the real reason and the one they tell you may be 2 absolutely different things. As an example, they may claim "I have too many various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might just be reasons to try to conceal the reality of changing demographics, increased competitors, current decrease in revenues, or a range of other reasons. This is why it is very crucial that you not count totally on a seller's word, yet rather, utilize the seller's response along with your total due diligence. This will repaint a more sensible image of the business's current situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Many businesses borrow money with the purpose of covering things like stock, payroll, accounts payable, so on and so forth. Remember that in some cases this can mean that revenue margins are too tight. Many organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that have to be satisfied or may lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area bring in new clients? Most times, operating businesses have repeat customers, which form the core of their day-to-day profits. Specific factors such as new competitors growing up around the area, road construction, and personnel turnover can impact repeat customers as well as adversely affect future profits. One essential thing to consider is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business on a regular basis, the higher the possibility to build a returning customer base. A final thought is the general location demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? Just how might the local average family earnings effect future earnings prospects?