Listing ID: 83909
Perfect size location. Excellent rent with gross lease. Carry out/Delivery with seating for 8 to 10. High traffic location in a busy shopping center. Excellent lease. Walkin cooler, char grill, flat top and fryers. Customer handicap bathroom. Perfect size for current pandemic situation. Gross lease.
- Asking Price: $54,900
- Cash Flow: N/A
- Gross Revenue: $200,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Large parking lot off high traffic road in highly visible shopping center.
Moving out of State
Excellent opportunity for growth for an owner operator who knows how to market.
The business was started in 2019, making the business 3 years old.
The business has 3 employees and is situated in a building with approx. square footage of 1,200 sq ft.
The building is leased by the company for $1,400 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell operating businesses. However, the genuine factor and the one they say to you might be 2 totally different things. For instance, they may state "I have too many other obligations" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might just be reasons to try to conceal the reality of altering demographics, increased competition, current reduction in profits, or a variety of various other factors. This is why it is very crucial that you not depend completely on a seller's word, yet instead, utilize the seller's response together with your overall due diligence. This will repaint a much more realistic picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies take out loans with the purpose of covering items like stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can imply that revenue margins are too tight. Numerous organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that need to be satisfied or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract new consumers? Many times, operating businesses have repeat consumers, which form the core of their everyday earnings. Certain factors such as new competition growing up around the location, roadway building and construction, as well as staff turn over can influence repeat customers as well as adversely impact future profits. One vital thing to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business often, the higher the chance to build a returning customer base. A final idea is the basic location demographics. Is the business situated in a largely populated city, or is it located on the edge of town? How might the neighborhood median family income influence future income prospects?