Listing ID: 83000
Attention Foodies! Sunbelt Business Brokers of Lafayette presents well-established restaurant for sale. This hometown favorite has been tempting Acadiana’s taste buds for almost two decades. Festive atmosphere, delicious food, great location and top-notch service are the recipe for success. All furniture, fixtures and equipment have been upgraded recently and are included in purchase. Seller has other business interests and is highly motivated to sell quickly. Seller will provide training to ensure smooth transition and may consider some Seller financing for qualified buyer. Call today!
- Asking Price: $150,000
- Cash Flow: $46,924
- Gross Revenue: $634,524
- EBITDA: N/A
- FF&E: $80,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2003
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Other Business Opportunity
The company was started in 2003, making the business 19 years old.
The sale will include inventory valued at $5,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell operating businesses. However, the genuine factor and the one they tell you may be 2 totally different things. For instance, they might say "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may just be justifications to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in incomes, or a variety of various other reasons. This is why it is really essential that you not rely absolutely on a vendor's word, yet rather, make use of the vendor's solution combined with your overall due diligence. This will paint an extra sensible image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Many businesses finance loans in order to cover items like stock, payroll, accounts payable, etc. Keep in mind that in some cases this can mean that earnings margins are too thin. Many companies fall 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 structure where the business resides. The business might have existing agreements with vendors that should be met or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location attract new customers? Often times, operating businesses have repeat consumers, which form the core of their day-to-day earnings. Certain aspects such as new competitors sprouting up around the area, roadway building and construction, as well as employee turn over can affect repeat customers and also negatively impact future revenues. One essential point to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business often, the better the possibility to build a returning customer base. A last idea is the basic location demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? How might the regional median home income impact future earnings prospects?