Listing ID: 75030
Opportunity to Own Well-Known Yogis Grill Franchise in AZ! Located in a Busy Shopping Center and High Traffic Area surrounding area includes Mall, Hospital and Medical Centers, Apartment Complexes, Residential Area and across from Light Rail. Semi-Absentee Owned. This popular Grill is a casual dining restaurant specializing in Healthy Japanese Cuisine, including Teriyaki, Tempura, Sushi, Vegetable Dishes and an array of delightful Entrees. Transfer and Franchise Fees Required. For more information, please contact Vinni Sapra via email at firstname.lastname@example.org or text/call to (480)-227-3184.
- Asking Price: $1,100,000
- Cash Flow: $326,505
- Gross Revenue: $1,147,679
- EBITDA: N/A
- FF&E: $75,000
- Inventory: $20,000
- Inventory Included: N/A
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
This Business Is An Established Franchise
The business was established in 2020, making the business 2 years old.
The sale won't include inventory valued at $20,000*, which ins't included in the asking price.
The company has 12 employees and is located in a building with estimated square footage of 2,000 sq ft.
The property is leased by the company for $8,400 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell operating businesses. However, the genuine reason and the one they tell you may be 2 completely different things. For instance, they may say "I have too many other responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might simply be justifications to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in earnings, or a range of various other factors. This is why it is really vital that you not depend entirely on a seller's word, however instead, utilize the vendor's answer in conjunction with your total due diligence. This will repaint a much more practical image 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 have reason to consider this when valuating/preparing your offer. Many businesses take out loans with the purpose of covering things such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can mean that earnings margins are too tight. Numerous businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations 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 have to be satisfied or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in new customers? Often times, companies have repeat consumers, which create the core of their day-to-day profits. Specific elements such as new competitors growing up around the location, roadway building and construction, and also employee turn over can influence repeat customers as well as negatively influence future earnings. One essential point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the higher the possibility to develop a returning consumer base. A last idea is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? Exactly how might the regional median home earnings impact future earnings prospects?