Listing ID: 82898
Sunbelt Business Brokers of Baton Rouge presents for sale a classic barbeque restaurant business. Restaurant has been in business for 13 years. Restaurant is located in a suburban city just a short distance and short drive from Baton Rouge, LA. Restaurant is near major employers and many new, large, affluent subdivisions. Both generate a steady loyal customer base.
Restaurant is only open for lunch weekdays. Opening on weekends and for the afternoon meal could easily generate substantive additional revenue. Restaurant does catering. The catering business could be expanded with a little marketing effort. Restaurant occupies a leased free standing building of approximately 2,500sqft. Building is located just off a major high traffic highway intersection. Restaurant has great visibility from the highway. The décor of the restaurant is exemplarily. It has to be seen to be appreciated. Lease is only $1,000 per month.
Seller is ready to retire as he has medical issues. Seller will train new owner on this very easy t owner and operate business. New owner doesn’t need to be a chef. Seller is highly motivated to sell and will consider all reasonable offers. Come meet the owner, taste the delicious BBQ, be impressed and make offer!
- Asking Price: $325,000
- Cash Flow: $75,000
- Gross Revenue: $300,000
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $3,000
- Inventory Included: Yes
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,500
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The company was started in 2008, making the business 14 years old.
The deal does include inventory valued at $3,000, which is included in the asking price.
The property is leased by the company for $1,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell operating businesses. However, the real factor and the one they tell you may be 2 entirely different things. For instance, they might claim "I have too many various commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might just be reasons to attempt to conceal the reality of altering demographics, increased competitors, current reduction in earnings, or an array of other reasons. This is why it is really vital that you not depend completely on a seller's word, however instead, use the seller's answer along with your overall due diligence. This will paint a more realistic image of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses finance loans with the purpose of covering items such as inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can imply that profit margins are too tight. Lots of companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that must be satisfied or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location draw in new clients? Most times, companies have repeat customers, which develop the core of their day-to-day profits. Certain factors such as new competition growing up around the location, road building and construction, as well as employee turnover can influence repeat clients and also negatively affect future profits. One essential thing to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business often, the greater the possibility to develop a returning consumer base. A last idea is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the edge of town? Exactly how might the neighborhood mean home earnings impact future revenue prospects?