Listing ID: 82913
Sunbelt Business Brokers of Baton Rouge present this popular hidden gem restaurant business for sale in Baton Rouge, LA! Restaurant has been in operation for over 20 years with excellent service and timeless recipes. Restaurant has a very loyal and repeat customer base. Restaurant can be easily managed with a small staff to help keep expenses down. Business still has upside to open for additional days and hours each week. Business is located on a very high traffic location in an easy to access affluent part of town. Restaurant is primed for new ownership to take it to the next level.
Owner has decided to sell to pursue other business projects. Seller will help train and transition this easy to own and operate restaurant. Business owner is motivated to sell and will seriously consider all reasonable offers. Contact us today for more information on this popular hidden gem of a restaurant before its gone! Come taste the delicious farm to table food and fall in love with the atmosphere. Meet the owner, see the perfect fit for you and make an offer today!
- Asking Price: $300,000
- Cash Flow: $200,000
- Gross Revenue: $650,000
- EBITDA: N/A
- FF&E: $60,000
- Inventory: $4,000
- Inventory Included: N/A
- Established: 2001
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Other business interests
The venture was established in 2001, making the business 21 years old.
The sale shall not include inventory valued at $4,000*, which ins't included in the requested price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell operating businesses. Nonetheless, the real factor vs the one they tell you may be 2 totally different things. As an example, they may claim "I have too many other responsibilities" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may simply be excuses to attempt to conceal the reality of altering demographics, increased competition, recent decrease in revenues, or an array of other reasons. This is why it is really crucial that you not rely totally on a vendor's word, yet rather, utilize the seller's answer together with your general due diligence. This will paint an extra practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses borrow money so as to cover points like stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can indicate that revenue margins are too thin. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that should be met or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location attract brand-new clients? Many times, operating businesses have repeat consumers, which create the core of their day-to-day earnings. Specific elements such as new competition growing up around the area, road building, as well as personnel turnover can impact repeat customers as well as negatively influence future earnings. One vital thing to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the greater the possibility to construct a returning client base. A final idea is the general location demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? Just how might the local median family income impact future revenue prospects?