Business Overview

Beautiful spacious restaurant with beer and wine permit. Newer décor and flooring. Large kitchen! Upper-income area with excellent location. Keep the same menus or completely change to make it your own! Move in-ready, family-friendly! This award winning authentic restaurant is the perfect opportunity for move in ready with strong cash flow!

Owned for ten years with current Sellers.

Competitive Overview: Excellent location with proven continual customer stream.

Potential Growth: Great potential! High income neighborhood with large delivery opportunity to local nearby companies, apartments, and retirement communities.

Financial

  • Asking Price: $115,000
  • Cash Flow: $24,572
  • Gross Revenue: $226,407
  • EBITDA: $24,572
  • FF&E: $130,000
  • Inventory: $2,500
  • Inventory Included: Yes
  • Established: 2007

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

moving

Additional Info

The venture was established in 2007, making the business 15 years old.
The sale will include inventory valued at $2,500, which is included in the requested price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals choose to sell operating businesses. Nevertheless, the true factor vs the one they tell you may be 2 entirely different things. For instance, they may state "I have a lot of various responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these might simply be reasons to attempt to hide the reality of transforming demographics, increased competition, current decrease in profits, or a variety of other reasons. This is why it is extremely vital that you not depend completely on a vendor's word, yet rather, use the vendor's solution along with your general due diligence. This will paint an extra realistic picture of the business's present circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses borrow money so as to cover points like inventory, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can indicate that profit margins are too small. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that must be fulfilled or may result in penalties if canceled 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 develop the core of their day-to-day earnings. Specific aspects such as brand-new competitors sprouting up around the area, roadway building, and also personnel turnover can impact repeat clients as well as adversely affect future earnings. One important thing to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business often, the greater the opportunity to build a returning consumer base. A final idea is the basic location demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? Exactly how might the neighborhood average house income influence future earnings prospects?