Listing ID: 82721
Authentic, Italian family-owned restaurant specializes in delicious food featuring fresh ingredients and masterful preparation by their culinary team. Whether you’re ordering a multi-course meal or grabbing a drink or pizza, their lively, casual yet upscale atmosphere makes it perfect for dining with friends, family, clients and business associates. The restaurant offers a huge selection of traditional dishes that can be enjoyed at either Lunch or Dinner and they also provide Catering services.
- Asking Price: $375,000
- Cash Flow: $165,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $65,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2006
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
Seller training for 14 days at $0 cost
Owner is moving
Non-Compete: 50 miles for 3 years.
The company was started in 2006, making the business 16 years old.
The deal will include inventory valued at $5,000, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell companies. Nonetheless, the genuine reason vs the one they say to you might be 2 entirely different things. For instance, they may state "I have a lot of other obligations" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might simply be excuses to attempt to conceal the reality of changing demographics, increased competitors, current reduction in profits, or a range of various other reasons. This is why it is really crucial that you not rely totally on a vendor's word, however rather, utilize the seller's solution in conjunction with your general due diligence. This will paint a much more sensible picture of the business's current scenario.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses borrow money with the purpose of covering points like supplies, payroll, accounts payable, so on and so forth. Remember that in some cases this can imply that profit margins are too tight. Many businesses fall into 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 obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that have to be fulfilled or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract brand-new consumers? Many times, operating businesses have repeat clients, which form the core of their day-to-day revenues. Particular elements such as brand-new competition growing up around the area, roadway construction, and staff turnover can impact repeat clients as well as adversely influence future incomes. One crucial point to consider is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business regularly, the higher the chance to develop a returning consumer base. A last idea is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? Exactly how might the neighborhood median household income effect future earnings prospects?