Listing ID: 84169
Contemporary Japanese/American fusion style restaurant with loyal following is being offered for sale for the first time. Success has been based on a simple formula of high quality ingredients and a long term skilled chef and dedicated staff. This restaurant is known for its eclectic dishes and sushi pairings. This a an absolute turn key business opportunity in a high population location that includes real estate. New ownership can retain talented key staff if desired. Continue the positive growth or rebrand!
- Asking Price: $790,000
- Cash Flow: $242,387
- Gross Revenue: $934,000
- EBITDA: N/A
- FF&E: $130,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2008
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:2,900
- Lot Size:N/A
- Total Number of Employees:16
- Furniture, Fixtures and Equipment:N/A
2,900 SF +/- on one level including 48 seats in dining area and 10 seats at the bar.
career change desired
#1 amongst all competitors
The company was started in 2008, making the business 14 years old.
The business has 16 employees and resides in a building with disclosed square footage of 2,900 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell operating businesses. Nevertheless, the true reason and the one they tell you might be 2 entirely different things. As an example, they might claim "I have way too many other obligations" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might simply be excuses to attempt to hide the reality of altering demographics, increased competitors, recent decrease in profits, or an array of various other factors. This is why it is extremely important that you not rely completely on a vendor's word, yet instead, utilize the vendor's response in conjunction with your total due diligence. This will repaint an extra reasonable picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies finance loans so as to cover points such as supplies, payroll, accounts payable, etc. Keep in mind that sometimes this can indicate that profit margins are too thin. 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 likewise be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that need to be satisfied or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract new consumers? Often times, companies have repeat customers, which create the core of their everyday profits. Specific factors such as brand-new competitors sprouting up around the area, road building and construction, and personnel turnover can influence repeat customers and negatively affect future revenues. One crucial point to consider is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business often, the higher the possibility to develop a returning customer base. A last idea is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? Just how might the regional typical house earnings influence future earnings potential?