Business Overview

FAMILY OWNED RESTAURANT REBOUNDING FROM A COVID ECONOMY
MAKE AN OFFER….SELLER IS MOVING… NEGOTIABLE ON PRICE

This restaurant located in one of the more affluent areas of New Jersey has proven to be Covid proof! This family owned restaurant serves American Style Comfort food and is currently in operation with sales that are steadily trending upward. In fact, the business is on track to consistently return to its pre-Covid economy numbers. The current owner was looking to move and sell the business pre-Covid but after the virus hit the nation, stayed and did an incredible job to keep the business stable during one of the hardest economic times our country has faced. The customer loyalty and having the right systems in place kept the business afloat even though they were hit as most restaurants were.

The restaurant has a small dining area but has been performing exceedingly well with takeout and delivery orders. This is a great opportunity for anyone looking to get into the restaurant business where you can start out with a small restaurant that has a proven track record and a resilient revenue stream. Seller will help the new owner to keep the upward trend and will train on all the “ins and outs “of the business. This is a perfect time to buy while businesses are at Covid prices so that with your hard work and time you can make a quality return on your investment when the economy comes back full force.

“The employees, customers, and vendors are not aware of the sale. Due to the sensitive nature of the transaction, we require a non-disclosure agreement that can easily be signed online. Click the “Contact Seller” button above, and you will be sent a link for the non-disclosure. Call 800-905-1213 if you have any questions or concerns.”

Financial

  • Asking Price: $99,000
  • Cash Flow: $75,000
  • Gross Revenue: $172,000
  • EBITDA: $75,000
  • FF&E: $55,000
  • Inventory: $2,500
  • Inventory Included: N/A
  • Established: 2015

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,200
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Restaurant has 1200 square ft of space with a fully equipped kitchen, small dining area,

Is Support & Training Included:

Seller will train for a mutually agreed upon time period

Purpose For Selling:

Seller is moving from the area

Opportunities and Growth:

The restaurant has averaged $13,991 revenue from January 2020 to November 2020. March and April saw significant declines from March 2020 to June 2020 of $10,100 and $10,300 respectively due to the Corona Virus. Sales recovered to January levels in May and the best month of 2020 has been November of 2020. JAN $14,300 FEB $13,700 MAR $10,100 APR $10,300 MAY $14,300 JUN $14,800 JUL $14,500 AUG $13,700 SEP $14,500 OCT $15,800 NOV $17,900 The business is on pace to do about $172,000 in sales for 2020. COVID-19 Impacted the business but has returned to normal levels and has the potential to go higher with new ownership. We encourage all interested parties to perform due diligence and make draw their own conclusions.

Additional Info

The company was established in 2015, making the business 7 years old.
The transaction won't include inventory valued at $2,500*, which ins't included in the requested price.

The company has 1 employees and resides in a building with approx. square footage of 1,200 sq ft.
The property is leased by the business for $3,100 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell operating businesses. Nevertheless, the real reason vs the one they tell you may be 2 completely different things. As an example, they might say "I have a lot of various commitments" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may simply be reasons to attempt to hide the reality of altering demographics, increased competition, recent reduction in incomes, or an array of other reasons. This is why it is really vital that you not count totally on a seller's word, however rather, use the vendor's answer together with your total due diligence. This will repaint an extra practical picture of the business's existing situation.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses finance loans so as to cover points like inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can indicate that profit margins are too small. Many companies come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that must be fulfilled or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area attract brand-new customers? Often times, operating businesses have repeat consumers, which develop the core of their daily earnings. Particular elements such as new competitors sprouting up around the area, roadway construction, and also staff turn over can impact repeat clients as well as negatively influence future incomes. One important thing to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the better the opportunity to construct a returning consumer base. A last thought is the basic location demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? How might the neighborhood typical family income impact future earnings potential?