Listing ID: 82872
Sunbelt Business Brokers of Baton Rouge presents this great BBQ restaurant business for sale in South Louisiana. Owner is forced to sell due to health issues. All the equipment and fixtures are practically new and in excellent condition. One killer aspect of this business is that the rent is $0.000 and can be assumed with approval of the city offices. Where else could you get a deal that good? Build out and décor are simply one of a kind and unique to the area. Owner will help train and transition new owner. Seller may consider owner financing a portion of the sale to a qualified buyer with a proper down payment. Come by today and have a delicious meal, enjoy the great atmosphere and make an offer today!
- Asking Price: $480,000
- Cash Flow: N/A
- Gross Revenue: $600,000
- EBITDA: N/A
- FF&E: $250,000
- Inventory: $1,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
The transaction will include inventory valued at $1,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell operating businesses. However, the true reason vs the one they tell you might be 2 completely different things. As an example, they may claim "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might just be reasons to try to hide the reality of transforming demographics, increased competitors, recent decrease in incomes, or a variety of various other factors. This is why it is really crucial that you not depend entirely on a seller's word, yet instead, utilize the seller's answer along with your general due diligence. This will repaint an extra sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many businesses take out loans with the purpose of covering things such as stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can indicate that earnings margins are too small. Lots of companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that must be satisfied or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in new clients? Most times, companies have repeat clients, which develop the core of their day-to-day earnings. Certain factors such as brand-new competition growing up around the location, road building and construction, and also personnel turn over can affect repeat consumers and also adversely impact future profits. One vital point to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business often, the greater the possibility to construct a returning customer base. A final idea is the general area demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? How might the local average home earnings impact future revenue prospects?