Business Overview

SUCCESSFUL TURNKEY RESTAURANT

4,351± SF Restaurant and 200± SF office with 150 amount of indoor seating and 72
amount of outdoor seating

One of the premier restaurants in town with lots of local and tourist traffic

Upscale dining menu and excellent reputation

BUSINESS SALE PRICE: $400,000

Price includes all FF&E

Ask Broker for property leasing and financial information

Financial

  • Asking Price: $400,000
  • 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 kinds of reasons individuals resolve to sell businesses. Nevertheless, the real reason vs the one they tell you might be 2 totally different things. For instance, they may state "I have too many other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might simply be justifications to attempt to hide the reality of altering demographics, increased competition, recent reduction in incomes, or a variety of other reasons. This is why it is extremely important that you not count completely on a seller's word, however instead, utilize the seller's solution along with your general due diligence. This will repaint a more realistic image of the business's current scenario.

Existing Debts and Future Obligations

If the current business is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Many operating businesses take out loans in order to cover points like supplies, payroll, accounts payable, etc. Remember that occasionally this can indicate that earnings margins are too small. Lots of organisations come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that must be fulfilled or may result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location attract brand-new clients? Often times, operating businesses have repeat customers, which form the core of their daily profits. Specific factors such as brand-new competition sprouting up around the area, road building and construction, as well as employee turnover can influence repeat customers and also negatively affect future earnings. One important point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business regularly, the greater the opportunity to develop a returning client base. A last idea is the basic location demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? How might the neighborhood median house income impact future revenue prospects?