Listing ID: 83045
Sunbelt Business Brokers of New Orleans presents this profitable and long standing fast food restaurant business for sale! Business has been in operation on the Westbank of New Orleans for almost 40 years! Restaurant is not a franchise and is operating at a very high level with mostly absentee ownership. Restaurant is known for its consistent high quality food, great prices, and fast service! Business has over 300+ 4 and 5 Star reviews! Restaurant has great visibility and access from the busy intersection it sits on. Owner has decided to sell to enjoy retirement and hand this great business off to the new owner! Owner may consider some seller financing for a qualified buyer with a proper down payment. Contact us today for more information and come see why this opportunity is so special! Go by the restaurant, grab some hot and delicious food, be impressed and make an offer today before this gem is gone!
- Asking Price: $499,500
- Cash Flow: $180,000
- Gross Revenue: $559,334
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $10,000
- Inventory Included: N/A
- Established: 1983
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,400
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
The business was started in 1983, making the business 39 years old.
The sale doesn't include inventory valued at $10,000*, which ins't included in the listing price.
The company has 5Ft employees and is situated in a building with estimated square footage of 1,400 sq ft.
The real estate is leased by the company for $2,237 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell businesses. Nevertheless, the genuine factor and the one they tell you may be 2 absolutely different things. For instance, they might state "I have a lot of various commitments" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these may just be excuses to attempt to conceal the reality of altering demographics, increased competitors, current reduction in incomes, or a range of various other reasons. This is why it is extremely essential that you not count entirely on a seller's word, but rather, make use of the seller's solution in conjunction with your general due diligence. This will paint a much more reasonable image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Many operating businesses finance loans in order to cover points like stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can mean that profit margins are too tight. Lots of companies fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that must be fulfilled or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in new consumers? Most times, businesses have repeat clients, which develop the core of their everyday revenues. Specific factors such as new competition growing up around the location, road building and construction, and also employee turn over can impact repeat clients and also negatively influence future profits. One vital thing to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business regularly, the better the opportunity to develop a returning customer base. A final idea is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? Just how might the local mean home earnings influence future revenue potential?