Listing ID: 82792
Ideal location close to university, demographically strong (population / income) neighborhood, interstate visibility and access. Long standing, successful restaurant / dining / entertainment location with legendary aspects and highlights make this a most unique location. Low rent / low purchase price – price of entry for an established business that can be built upon and enlarged $$$! . 5,100 s.f. FREE STANDING BUILDING W 200+/- person seating capacity and large patio, Potential opportunity to purchase the real estate and negotiable lease terms.
Call Mark Diamond (314-604-1684 cell) or David Wright (314-422-1689 cell)
- Asking Price: $275,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: N/A
The property is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell companies. Nonetheless, the real reason vs the one they tell you might be 2 completely different things. As an example, they may say "I have too many various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might simply be reasons to attempt to conceal the reality of altering demographics, increased competitors, current decrease in earnings, or an array of various other factors. This is why it is really vital that you not rely entirely on a vendor's word, but rather, make use of the vendor's answer together with your general due diligence. This will repaint a much more practical image of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Many operating businesses take out loans so as to cover points like stock, payroll, accounts payable, etc. Bear in mind that occasionally this can imply that profit margins are too thin. Many companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that must be met or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in new consumers? Many times, operating businesses have repeat clients, which develop the core of their daily earnings. Certain variables such as new competitors sprouting up around the area, roadway construction, and also staff turn over can impact repeat customers and also adversely impact future incomes. One important point to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business regularly, the better the opportunity to build a returning client base. A last idea is the basic location demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? Just how might the local typical family income impact future income potential?