Listing ID: 74044
Drive Thru Soul Food on the go!!!
- Asking Price: $160,000
- Cash Flow: $72,800
- Gross Revenue: $663,269
- EBITDA: N/A
- FF&E: $90,000
- Inventory: $2,000
- Inventory Included: Yes
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Cafeteria Style , easy to manage
2 weeks training
Owners expanding to other States
The only game in this Town with authentic Soul Food
Can buy more restaurant franchises
This Business Is An Established Franchise
The venture was established in 2019, making the business 3 years old.
The deal will include inventory valued at $2,000, which is included in the requested price.
The business has 4 employees and resides in a building with estimated square footage of 2,000 sq ft.
The property is leased by the business for $5,100 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell businesses. Nevertheless, the real reason vs the one they tell you may be 2 completely different things. For instance, they might say "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons stand. However, for some, these may just be excuses to try to conceal the reality of changing demographics, increased competition, current reduction in earnings, or a range of various other reasons. This is why it is really crucial that you not depend totally on a vendor's word, however instead, utilize the seller's solution combined with your overall due diligence. This will paint an extra realistic picture of the business's current scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses finance loans with the purpose of covering items like supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can suggest that earnings margins are too tight. Many organisations fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that must be satisfied or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location bring in brand-new consumers? Often times, operating businesses have repeat clients, which create the core of their everyday earnings. Specific factors such as new competitors sprouting up around the location, road building and construction, as well as personnel turnover can impact repeat consumers as well as adversely influence future revenues. One vital thing to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business on a regular basis, the greater the opportunity to construct a returning customer base. A last thought is the basic area demographics. Is the business located in a densely inhabited city, or is it situated on the outside border of town? Exactly how might the neighborhood typical family earnings impact future income potential?