Listing ID: 82929
Business Overview
Owner will do 50% down and seller finance the remaining portion. Owner super motivated to sell now. Landlord will allow new owner to assume the current lease if qualified.
Sunbelt Business Brokers of Baton Rouge presents this high traffic location restaurant for sale! Business is located on a heavy high traffic street near the LSU (Louisiana State University) campus. Location convenient for access by the LSU student body. It is also convenient for catering events at and around LSU. The drive thru alone brings in approximately 30% of gross sales. Leased space is approximately 2,400sqft and can seat approximately 40. Space could be rearranged to seat more customers with some remodeling to increase revenue. Restaurant has a great rating averaging close to 5 stars. Business is still growing and hasn’t reached its full potential yet. This could be an excellent owner operator opportunity for a young chef looking to branch out on their own.
Seller has other restaurant locations that he manages and can’t devote enough time to this particular location. Financials shown on listing are projections by owner based on operating volume as virus restrictions are ending. Seller is motivated to sell now and will consider some owner financing for a qualified buyer with a proper down payment. Come meet the owner, taste the highly rated food, be impressed and make offer!
Financial
- Asking Price: $100,000
- Cash Flow: $120,000
- Gross Revenue: $360,000
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: N/A
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,400
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Available - Owner will seller finance with $50K down.
Other business interests
Additional Info
The deal will include inventory valued at $5,000, which is included in the asking price.
The business has 4FT 4Pt employees and is situated in a building with disclosed square footage of 2,400 sq ft.
The property is leased by the business for $4,400 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell operating businesses. Nevertheless, the real reason vs the one they tell you might be 2 completely different things. As an example, they might claim "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may simply be reasons to attempt to hide the reality of altering demographics, increased competitors, current decrease in revenues, or an array of other reasons. This is why it is really vital that you not rely totally on a vendor's word, yet rather, use the vendor's answer combined with your overall due diligence. This will repaint a more reasonable image of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Many businesses borrow money in order to cover things such as inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can imply that earnings margins are too tight. Lots of companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that should be fulfilled or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in new customers? Often times, companies have repeat clients, which develop the core of their everyday profits. Certain elements such as brand-new competition sprouting up around the location, road construction, as well as staff turnover can impact repeat customers and also negatively affect future earnings. One essential point to think about is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the greater the chance to construct a returning customer base. A last idea is the general location demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? Exactly how might the regional mean home earnings influence future earnings potential?
