Listing ID: 83971
Love the restaurant industry? Love owning your own business? Well you’ve found the right place! Well established “Shawarma Stop” is up for sale! This (8 year estb.) Mediterranean restaurant is perfect for anyone willing to take their profits to the next level. Currently grosses about $30K per month w/shortened hours due to staffing shortages (like everyone else). Imagine the opportunity here when you can structure for longer hours & opening Sunday’s? Perfectly located on busy 19 Mile Rd. just down the street from all that Hall Rd. traffic w/lots of businesses, subdivisions as well as schools nearby bringing loyal regular customers & a thriving catering business. End unit rental with a dedicated drive through window (that saved this business during those cruel Covid restricted months). Unit features 1,743 sqft w/lots of dine-in space, private outdoor patio & plenty of customer parking up front. This Listing is for Business opportunity only! Lease is $2,000/m, assumable w/12 years left.
Matterport 3D tour available @ https://my.matterport.com/show/?m=eBYYaLstoAr&mls=1
DO NOT APPROACH THE BUSINESS, BUSINESS OWNER NOR EMPLOYEES!!!! MUST MAKE AN APPOINTMENT WITH LISTING AGENT TO PREVIEW IN PERSON! MUST SIGN “NDA” BEFORE ANY APPOINTMENTS ARE SCHEDULED!
- Asking Price: $175,000
- Cash Flow: N/A
- Gross Revenue: $300,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,743
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Owner is willing to show buyer around for month after purchase.
Much more potential for larger profits if new owners extend hours of operation back to normal and open on Sundays like they were pre-Covid.
The business was established in 2015, making the business 7 years old.
The business has 4 employees and is located in a building with estimated square footage of 1,743 sq ft.
The property is leased by the business for $2,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell operating businesses. Nonetheless, the true reason and the one they tell you may be 2 completely different things. As an example, they might state "I have too many various commitments" or "I am retiring". For many sellers, these reasons stand. But, for some, these may just be reasons to try to hide the reality of transforming demographics, increased competition, recent decrease in revenues, or an array of various other factors. This is why it is extremely crucial that you not rely absolutely on a vendor's word, yet rather, utilize the seller's solution together with your overall due diligence. This will paint a more reasonable image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Numerous companies take out loans with the purpose of covering things such as inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can indicate that earnings margins are too tight. 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 also be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that have to be fulfilled or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract new clients? Most times, companies have repeat clients, which form the core of their daily revenues. Particular variables such as new competition growing up around the area, roadway construction, as well as staff turnover can influence repeat consumers and adversely impact future profits. One vital thing to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business often, the better the chance to construct a returning consumer base. A last idea is the general location demographics. Is the business placed in a densely inhabited city, or is it situated on the outside border of town? How might the neighborhood typical home earnings effect future revenue potential?