Listing ID: 82969
This restaurant is one of the nicest in the parish with social media reputations among the top in the state with 4+ and 5 ratings. All new build-out and equipment and furnishings in 2018. This is the closest restaurant to the new Amazon fulfillment center under construction and the 1000+ employees to be there should boost sales another 30-40%. Space buildout and equipment cost well over twice the reduced asking price but wife needs to be home with the children so seller has drastically reduced price to a fraction of value for quick sale. Sale includes all furniture, recipes, equipment, website, sell-trained staff, and inventory. Turn-key for new owner.
Currently Italian, Pizza, bar focus but easily converted to Mexican, bar, wine or other should a buyer desire. Great reputation and food should work as current menu. Covid has taken a bite out of the sales and earnings, but as noted seller expects a huge increase over the next year. Also offer catering and delivery which will be great when Amazon opens…
- Asking Price: $150,000
- Cash Flow: $70,000
- Gross Revenue: $775,000
- EBITDA: N/A
- FF&E: $200,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,800
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
Extremely nice new building. Booths, table, bar, patio dining. Build out of $300,000 and equipment of $100k+ is included with many years remaining on the lease and options. Sq ft shown does not include patio seating.
Will transition. Expect employees will remain.
Spend time with growing children
Nicest and cleanest restaurant in the area. Good catering business. Great menu, web-site and facebook presence.
1000 new Amazon employees will make this the perfect location. Owner expect sales increase of $300,000. Covid has of course impacted the business but hopefully that is going away soon and that could add another 25% to sales..
The business was established in 2018, making the business 4 years old.
The deal does include inventory valued at $5,000, which is included in the requested price.
The company has 12 employees and is located in a building with approx. square footage of 3,800 sq ft.
The real estate is leased by the company for $8,400 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell businesses. Nevertheless, the real reason and the one they say to you might be 2 absolutely different things. As an example, they may say "I have a lot of other obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might simply be justifications to try to conceal the reality of changing demographics, increased competition, recent decrease in incomes, or a range of other factors. This is why it is extremely crucial that you not rely absolutely on a seller's word, however instead, utilize the seller's answer in conjunction with your general due diligence. This will paint a more reasonable picture of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of companies finance loans with the purpose of covering items such as inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can indicate that profit margins are too small. Many organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that should be fulfilled or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract brand-new clients? Most times, companies have repeat customers, which form the core of their daily revenues. Particular aspects such as new competition growing up around the area, roadway construction, and also staff turnover can influence repeat clients as well as adversely impact future earnings. One crucial thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more individuals that see the business regularly, the better the chance to develop a returning consumer base. A final idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? Just how might the local average home earnings influence future income potential?