Listing ID: 83983
Ma Deeter’s an iconic name, having first opened in 1921. Celebrating 100 years in business. the owners are offering an opportunity to the next generation. The current structure was built in 2016, along with an expansion of an outdoor covered pavilion with a grill, large stone fireplace, outdoor patio bar and comfy lounging area. The property consists of just over 2 acres of grassy open area and home to the local cornhole and horseshoe leagues. The new built offers a partial basement for storage and office area. The kitchen is large and very well equipped including grills, fryers, ovens, including Winston Cvap Cook & Hold. As the marque once read ”MA DEETER’S This is God’s Country, Please don’t drive thru town like hell.”
- Asking Price: $849,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1921
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:3,208
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Current building was constructed in 2016 following a fire of the prior restaurant.
The venture was started in 1921, making the business 101 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell companies. However, the true reason and the one they say to you may be 2 absolutely different things. As an example, they might state "I have a lot of other commitments" or "I am retiring". For many sellers, these reasons stand. However, for some, these may just be justifications to try to hide the reality of altering demographics, increased competitors, current decrease in earnings, or a variety of various other reasons. This is why it is really vital that you not rely absolutely on a vendor's word, however rather, use the seller's response together with your overall due diligence. This will repaint an extra practical image of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies take out loans with the purpose of covering points such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that profit margins are too small. Many 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 likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that have to be satisfied or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in brand-new customers? Many times, businesses have repeat customers, which form the core of their daily revenues. Particular factors such as brand-new competition sprouting up around the location, roadway construction, and also staff turnover can impact repeat consumers as well as adversely influence future profits. One important point to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business often, the better the chance to construct a returning customer base. A final idea is the basic location demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood mean family income effect future income prospects?