Listing ID: 82972
GREAT OPPORTUNITY- KEEP CONCEPT OR COVERT TO YOUR OWN
Awesome Hard to Get Location on Street Car Route
Fully Equipped and Turnkey
Seats 60 Inside
Rent Totals $5600
Averages $50K Monthly Sales
Has Full Liquor Licenses Too
Really Cool Vibe!!!
Serious Only with Funds call John Perry 225-615-4900
- Asking Price: $99,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell businesses. Nevertheless, the real factor vs the one they tell you might be 2 completely different things. For instance, they may state "I have too many other responsibilities" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might just be excuses to attempt to conceal the reality of altering demographics, increased competition, recent decrease in profits, or an array of various other reasons. This is why it is very crucial that you not depend totally on a seller's word, but rather, use the seller's answer in conjunction with your total due diligence. This will repaint a much more reasonable image of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses finance loans so as to cover things such as supplies, payroll, accounts payable, and so on. Keep in mind that sometimes this can imply that revenue margins are too tight. Many companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that have to be fulfilled or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location attract brand-new consumers? Often times, operating businesses have repeat clients, which create the core of their day-to-day profits. Particular variables such as new competition sprouting up around the location, road building and construction, and personnel turn over can impact repeat clients and also adversely influence future earnings. One important point to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the better the opportunity to construct a returning client base. A final thought is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? Exactly how might the local typical home income impact future revenue prospects?