Business Overview

Must Sell. Modern Fast-Casual restaurant offering high-quality Asian fusion but can be turned into your own concept. All meals are made to order in a full kitchen. Located in very high traffic area for 15 years. Outdoor seating and visibility from the main road make this a great opportunity. Call me for NDA and buyer profile. Please refer to listing number 7101-277127 and advisor John Zarou when inquiring on this listing.

Financial

  • Asking Price: $65,000
  • Cash Flow: $114,598
  • Gross Revenue: $968,482
  • EBITDA: N/A
  • FF&E: $98,041
  • Inventory: $9,500
  • Inventory Included: Yes
  • Established: 2004

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:21
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Lease/Month: 8275 Square Footage: 2905 Building Type: Strip Mall Terms & Options: yes Expiration Date: 11/30/2024

Is Support & Training Included:

Seller will train for 12 weeks at no cost.

Purpose For Selling:

Other

Established Franchise:

This Business Is An Established Franchise

Additional Info

The company was started in 2004, making the business 18 years old.
The sale does include inventory valued at $9,500, which is included in the requested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people choose to sell businesses. However, the real factor vs the one they tell you may be 2 absolutely different things. As an example, they might state "I have too many various obligations" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these might simply be justifications to attempt to conceal the reality of altering demographics, increased competitors, current decrease in profits, or a range of other factors. This is why it is very crucial that you not depend entirely on a vendor's word, but instead, use the vendor's response in conjunction with your overall due diligence. This will paint a much more realistic picture of the business's current circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous operating businesses borrow money in order to cover items such as stock, payroll, accounts payable, etc. Bear in mind that in some cases this can indicate that earnings margins are too thin. Numerous businesses fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that need to be met or might result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location draw in new clients? Often times, operating businesses have repeat clients, which develop the core of their day-to-day revenues. Certain variables such as brand-new competition growing up around the area, roadway building and construction, as well as personnel turnover can affect repeat customers and also negatively influence future earnings. One crucial point to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the higher the opportunity to construct a returning customer base. A last idea is the general location demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? Exactly how might the local mean house income influence future revenue potential?