Listing ID: 73366
This regional franchise restaurant is on a very heavily trafficked road with easy in and out access. The Seller did a complete remodel of the building, but does not own the real estate. They are out of state owners and are finding it hard to travel back and forth to Ohio to run the operation. As such, a new owner will be buying brand new equipment, furniture and fixtures along with a very favorable lease rate. This is a Confidential Sale, please do not approach the Seller and/or his employees. All showings need to be scheduled through the Broker. This is an awesome opportunity to get into a potentially high volume store at a fraction of the price. Financial information will be provided with a signed Confidentiality Agreement.
- Asking Price: $255,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Buyer will need to sign an agreement with the Franchisor and they will provide training, or Buyer can operate their own concept.
Out of State Owner
High traffic and visibility. Around other Fast Food/Fast Casual restaurants
This Business Is An Established Franchise
The real estate is leased by the business for $2,492 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell operating businesses. Nonetheless, the true reason vs the one they tell you might be 2 entirely different things. For instance, they may claim "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may just be justifications to attempt to hide the reality of changing demographics, increased competitors, recent reduction in incomes, or a range of various other reasons. This is why it is very vital that you not rely totally on a seller's word, yet rather, use the vendor's response along with your general due diligence. This will paint a more sensible image of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses take out loans in order to cover points like stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can indicate that revenue margins are too tight. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that should be met or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in brand-new clients? Often times, businesses have repeat consumers, which form the core of their day-to-day earnings. Particular factors such as brand-new competition growing up around the location, road building and construction, and employee turn over can impact repeat clients and also negatively affect future incomes. One essential point to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more individuals that see the business regularly, the higher the opportunity to build a returning consumer base. A last thought is the basic area demographics. Is the business situated in a largely inhabited city, or is it located on the outskirts of town? Just how might the neighborhood typical home earnings effect future income prospects?