Listing ID: 76428
Established craft-casual restaurant features gourmet hormone and antibiotic free hot dogs, sausages, burgers, premium shakes, soft-serve ice cream, a full bar and a beer program (24-tab beer system) that spotlights local brews. They are located in a highly visible and popular outdoor mall in a rapidly growing area with ongoing construction of new offices, businesses and homes. The restaurant has a great vibe and funky “warehouse meets restaurant” deco that is popular with high school kids, families and everything in between. This business has significant opportunities for continued growth with focused ownership. Financials are shown as an owner operator model.
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- Asking Price: $599,000
- Cash Flow: $260,985
- Gross Revenue: $1,703,692
- EBITDA: N/A
- FF&E: N/A
- Inventory: $25,000
- Inventory Included: Yes
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:16
- Furniture, Fixtures and Equipment:N/A
4 weeks included
Other Business Ventures
This Business Is An Established Franchise
The venture was started in 2017, making the business 5 years old.
The transaction shall include inventory valued at $25,000, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell companies. Nonetheless, the real reason vs the one they tell you might be 2 entirely different things. As an example, they might say "I have too many other obligations" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might just be justifications to try to hide the reality of transforming demographics, increased competition, current reduction in profits, or an array of various other reasons. This is why it is very crucial that you not count entirely on a seller's word, yet rather, utilize the vendor's response combined with your overall due diligence. This will paint an extra realistic picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses take out loans with the purpose of covering points like inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can mean that revenue margins are too small. Numerous businesses come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that must be satisfied or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract brand-new consumers? Most times, operating businesses have repeat consumers, which develop the core of their everyday revenues. Particular variables such as new competitors growing up around the area, roadway building and construction, and also staff turnover can impact repeat consumers and 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 concealed from the highway? Certainly, the more people that see the business often, the greater the opportunity to construct a returning customer base. A last thought is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the regional typical house income impact future earnings prospects?