Listing ID: 82577
Successful restaurant business in downtown Kalispell! Very well established and owned with a good customer base and reviews. This is a turn key restaurant, which includes all equipment, furniture, and inventory. Business is on a long term lease in a great location on US Highway 93 in downtown Kalispell. Lots of foot and car traffic! Drive-thru volume has picked up tremendously since the spring, along with third party deliveries. Great income and great history! Business has sit down, drive through and delivery with some wholesale accounts.2,910sf. Business for sale only, no real estate included. Offered at $250,000 which includes inventory and FFE. Contact Layne Massie (406) 270-6664 Cecil Waatti (406) 890-4000.
- Asking Price: $250,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
This Business Is An Established Franchise
The real estate is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell businesses. Nevertheless, the real factor and the one they tell you may be 2 completely different things. As an example, they may claim "I have a lot of other obligations" or "I am retiring". For many sellers, these reasons stand. However, for some, these may just be reasons to attempt to conceal the reality of transforming demographics, increased competition, recent reduction in revenues, or a range of other reasons. This is why it is really essential that you not count completely on a vendor's word, but rather, use the seller's response together with your total due diligence. This will repaint a much more realistic image of the business's present situation.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses take out loans so as to cover points such as inventory, payroll, accounts payable, and so on. Remember that sometimes this can imply that revenue margins are too small. Numerous companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that must be fulfilled or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract new consumers? Most times, companies have repeat customers, which develop the core of their day-to-day earnings. Particular factors such as new competition growing up around the location, road construction, as well as staff turn over can influence repeat customers as well as negatively affect future profits. One crucial point to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business regularly, the higher the possibility to construct a returning customer base. A last thought is the basic location demographics. Is the business situated in a densely populated city, or is it located on the edge of town? Just how might the local median home income impact future income prospects?