Listing ID: 82234
A local favorite that’s been serving up authentic Asian cuisine for years. Sellers have setup systems to create a “fast food” turn, but with all fresh, made to order signature dishes served up fast, hot, and delicious! Trained employees in place, and a brand that’s been around for more than 2 decades. Opportunity to increase guest capacity, hours, or expand the menu.
The Sellers are motivated to work with a good buyer as they are having to relocate out of state. Full training and transition period.
Some Seller financing may be possible. Clean financials, and should be able to get an SBA loan for a Buyer with restaurant management experience, good credit, and down payment. Very profitable! Don’t wait- Call Matthew Ashburn now!
- Asking Price: $408,000
- Cash Flow: $125,000
- Gross Revenue: $452,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $500
- Inventory Included: Yes
- Established: 2000
- Property Owned or Leased:N/A
- 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
Seller will negotiate a transition period
Relocation out of state
The business was established in 2000, making the business 22 years old.
The sale does include inventory valued at $500, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell companies. Nevertheless, the true reason vs the one they say to you might be 2 completely different things. As an example, they might state "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, current decrease in earnings, or a variety of other reasons. This is why it is really vital that you not depend entirely on a vendor's word, but rather, use the seller's solution along with your overall due diligence. This will repaint an extra sensible image of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses finance loans with the purpose of covering points like inventory, payroll, accounts payable, so on and so forth. Remember that sometimes this can indicate that profit margins are too tight. Lots of organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that need to be met or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in brand-new clients? Often times, companies have repeat consumers, which form the core of their everyday profits. Certain elements such as brand-new competitors growing up around the location, road construction, and employee turnover can influence repeat clients as well as negatively affect future revenues. One essential point to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business often, the greater the chance to construct a returning consumer base. A last thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? How might the local median family income impact future earnings potential?