Listing ID: 80828
Business Overview
The business is a profitable Franchise Restaurant, serving high quality food for the entire family to enjoy. Backed by a strong Franchisor, the current owner has been in business three years and has produced an increasing bottom line; year-after-year. A very desirable lease is in place until 2023, with 2 – 5 yr. extensions available. This is an ideal opportunity for an owner/operator to step in, take advantage of the inherent growth potential and earn a very comfortable living!
Financial
- Asking Price: $129,900
- Cash Flow: $69,132
- Gross Revenue: $308,000
- EBITDA: N/A
- FF&E: $35,000
- Inventory: N/A
- Inventory Included: Yes
- Established: 2014
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,350
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Clean and in-period, with equipment 2-5 years old.
Seller provided transitional training to new owner is negotiable. Franchisor requires buyer to attend business and operational training at corporate headquarters.
Entrepreneurial seller has developed other interests.
Restaurant provides quality food at very competitive prices.
The business is in an enviable position to benefit from local park and school expansions in a desirable and rapidly-growing region of Treasure Valley.
This Business Is An Established Franchise
Additional Info
The company was started in 2014, making the business 8 years old.
The business has 1 FT 3 PT employees and is situated in a building with disclosed square footage of 3,350 sq ft.
The property is leased by the business for $1 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell businesses. Nevertheless, the real reason vs the one they say to you may be 2 absolutely different things. As an example, they might say "I have a lot of other obligations" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competition, recent reduction in earnings, or a range of other factors. This is why it is really important that you not rely entirely on a seller's word, but rather, utilize the vendor's response together with your overall due diligence. This will paint an extra practical image of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Many operating businesses take out loans with the purpose of covering things like inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can imply that revenue margins are too small. Many companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that need to be met or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location draw in new customers? Often times, companies have repeat clients, which create the core of their everyday revenues. Particular factors such as brand-new competition sprouting up around the location, roadway construction, and personnel turnover can impact repeat consumers as well as adversely affect future incomes. One crucial thing to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Clearly, the more individuals that see the business often, the better the opportunity to build a returning client base. A last thought is the general area demographics. Is the business placed in a largely populated city, or is it located on the edge of town? How might the neighborhood median house income effect future income potential?
