Listing ID: 83388
3,280 SF Building includes 1st floor restaurant with 2nd floor apartment on .66 acres and a three bay garage
Brian’s is a popular restaurant in downtown Bethel – near Sunday River Ski & Golf and Mt. Abram
The apartment (2Br/1Ba with kitchen and living room) above the restaurant could be rented for additional income
Property sits on 2 lots with ample off-street parking in newly paved lot
- Asking Price: $789,000
- 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 why individuals decide to sell businesses. Nonetheless, the true factor vs the one they say to you may be 2 totally different things. As an example, they might state "I have a lot of various obligations" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may just be excuses to attempt to conceal the reality of altering demographics, increased competitors, current decrease in revenues, or a range of various other reasons. This is why it is really important that you not depend absolutely on a seller's word, but instead, make use of the vendor's answer in conjunction with your total due diligence. This will repaint a more practical 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 certainly have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans so as to cover things like supplies, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can imply that revenue margins are too small. Numerous businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that should be fulfilled or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location draw in new consumers? Most times, operating businesses have repeat consumers, which develop the core of their everyday profits. Particular aspects such as brand-new competitors sprouting up around the area, roadway construction, as well as personnel turn over can affect repeat consumers and negatively impact future profits. One vital thing to consider is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business on a regular basis, the higher the opportunity to develop a returning client base. A final thought is the general location demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? Exactly how might the neighborhood average household earnings influence future income prospects?