Listing ID: 82989
Principle Business Advisors presents this established franchise restaurant located in Starkville, Mississippi. This restaurant offers counter-service, online ordering, and delivery! The business concept also has catering options. This portion of the business could easily be expanded with the right owner. The franchisor must approve a new buyer, and will also train the new owner on how to successfully run and operate the business.
Come check out the business and learn more about this great opportunity!
Please direct any inquiries to the list listing broker, Joel Duran CMSBB. He can be reached at (504) 313-1038.
- Asking Price: $49,000
- Cash Flow: N/A
- Gross Revenue: $305,000
- EBITDA: N/A
- FF&E: $150,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
The franchise will train the new owner on how to successfully run and operate the business.
This is an excellent growing college market with many opportunities for lat night business.
This store has always been absentee owned and the owner believes sales could be immediately improved with an owner-operator.
The venture was founded in 2013, making the business 9 years old.
The sale shall include inventory valued at $5,000, which is included in the asking price.
The business has 9 employees and is situated in a building with disclosed square footage of N/A sq ft.
The property is leased by the company for $1,600 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell businesses. However, the genuine factor vs the one they say to you may be 2 totally different things. As an example, they might claim "I have a lot of various obligations" or "I am retiring". For many sellers, these factors stand. But also, for some, these may simply be reasons to attempt to hide the reality of changing demographics, increased competition, recent reduction in revenues, or an array of various other factors. This is why it is extremely important that you not count absolutely on a seller's word, however rather, use the vendor's response combined with your overall due diligence. This will paint a more reasonable picture of the business's present situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Numerous businesses borrow money with the purpose of covering points such as supplies, payroll, accounts payable, etc. Keep in mind that occasionally this can suggest that profit margins are too small. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that should be met or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location attract brand-new clients? Many times, companies have repeat customers, which develop the core of their daily profits. Certain variables such as new competition growing up around the location, road construction, and personnel turn over can impact repeat clients and also adversely affect 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 concealed from the main road? Clearly, the more people that see the business on a regular basis, the greater the chance to develop a returning consumer base. A last idea is the basic location demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Exactly how might the regional median household earnings impact future revenue potential?