Listing ID: 81352
Business Overview
Perfect opportunity for an entrepreneur looking for a successful & profitable franchise restaurant concept. Franchisor is very successful nationally and will supply training and ongoing support. Great opportunity for a new business owner. This location is almost new however the franchisee needs to move out of state as soon as possible due to other businesses. Great opportunity for a working Owner/Operator.
• Excellent Las Vegas Market Location which is less than 2 years old
• National Franchise with Excellent Franchisor Support
• Profitable and Priced Aggressively at $300,000 as a similar new location would cost in excess of $400,000 plus the franchise fee
• 3 additional concepts currently operating out of this location and included in the price
• High Margins and History of Consistent Profitability
• Turn-Key Operations and Fully Staffed but in need of an Owner/Operator
• Huge Upside Potential due to Demand in the Las Vegas Market for Quality BBQ
• Seller willing to Train, Consult and Ensure Smooth Transition
• Outstanding Reputation
• Southern Nevada is continuing to Grow in 2022 with the recent opening of Circa Resort, Virgin Hotels, Allegiant Stadium, Resorts World, the Convention Center Expansion and the continued construction on the MSG Sphere Entertainment Venue & the Fontainebleau resort.
For more information including a detailed confidential opportunity summary with financial information and photos, please call Alan Horwitz with Sunbelt Business Brokers at 702-714-0229. For the quickest response please email Alan at lvbusinessbroker@gmail.com for an easy to complete e-sign non-disclosure agreement. This will ensure that you quickly receive the complete package. ( NV license # 54316, Business Broker Lic. # 13)
Financial
- Asking Price: $300,000
- Cash Flow: $182,320
- Gross Revenue: $733,478
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2021
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,406
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
Franchisor and 2 weeks of seller training
Other business out of state
This Business Is An Established Franchise
Additional Info
The venture was started in 2021, making the business 1 years old.
The transaction shall include inventory valued at $5,000, which is included in the requested price.
The business has 8 employees and is situated in a building with disclosed square footage of 2,406 sq ft.
The property is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell companies. Nevertheless, the real reason vs the one they say to you might be 2 entirely different things. For instance, they may state "I have way too many other obligations" or "I am retiring". For many sellers, these factors are valid. But, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competition, recent decrease in revenues, or a range of other reasons. This is why it is really crucial that you not count absolutely on a seller's word, but instead, utilize the vendor's answer along with your total due diligence. This will paint an extra reasonable picture of the business's present situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses borrow money so as to cover points like stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can mean that revenue margins are too thin. Numerous companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that have to be met or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract brand-new consumers? Most times, businesses have repeat customers, which create the core of their everyday revenues. Particular factors such as new competition sprouting up around the area, roadway building, as well as personnel turnover can influence repeat consumers as well as adversely affect future earnings. One crucial point to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business on a regular basis, the higher the opportunity to build a returning customer base. A last thought is the general location demographics. Is the business located in a densely populated city, or is it situated on the edge of town? Just how might the local mean household income influence future income prospects?
