Listing ID: 84071

Business Overview

This attractive 3700 sq. ft. eatery with 99 seats is well equipped and in excellent condition. It has a full liquor license. It is great for a number of concepts. It is currently open 9am to 8pm, with a family style menu. Sales $95,000 mo. Rent $6000/mo. with approx. $650/mo. triple net. Asking only $334,900 with $150,000 down.

Financial

  • Asking Price: $334,900
  • Cash Flow: $120,000
  • Gross Revenue: $1,164,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
About The Facility:

The store is located in a 3700 sq./ft Mix use building

Is Support & Training Included:

Yes

Purpose For Selling:

Other Interests

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell operating businesses. Nonetheless, the genuine reason and the one they say to you might be 2 entirely different things. For instance, they may say "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might simply be excuses to try to hide the reality of transforming demographics, increased competitors, current decrease in earnings, or a range of various other reasons. This is why it is extremely crucial that you not count entirely on a vendor's word, yet instead, utilize the vendor's solution along with your overall due diligence. This will paint a more sensible picture of the business's existing scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses borrow money with the purpose of covering things like inventory, payroll, accounts payable, etc. Remember that in some cases this can mean that profit margins are too tight. Many companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that should be met or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area attract new consumers? Many times, businesses have repeat clients, which develop the core of their everyday earnings. Particular variables such as new competitors growing up around the location, roadway construction, as well as personnel turnover can affect repeat customers as well as negatively influence future profits. One vital point to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Obviously, the more individuals that see the business on a regular basis, the higher the opportunity to develop a returning client base. A last thought is the basic area demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? How might the local typical home income influence future income potential?