Listing ID: 83022
Business Overview
Principle Business Advisors presents this established franchise restaurant located in Baton Rouge, Louisiana. This restaurant offers counter-service, online ordering, and delivery! The business concept also has catering options. This portion of the business could easily be expanded with the right owner. This is the second of the 2 franchise restaurants available for sale. The franchisor must approve a new buyer, and will also train the new owner on how to successfully run and operate the business. The owner is willing to finance with $25,000 down.
Come check out the business and learn more about this great opportunity!
Please direct any inquiries to the list listing broker, Joel Duran CMSBB. He can be reached at (504) 313-1038.
*These are the most recent numbers from 2021.
Financial
- Asking Price: $49,000
- Cash Flow: N/A
- Gross Revenue: $310,007
- EBITDA: N/A
- FF&E: $150,000
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2010
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,619
- Lot Size:N/A
- Total Number of Employees:15
- Furniture, Fixtures and Equipment:N/A
The franchise will train a new owner.
Retirement
This Business Is An Established Franchise
Additional Info
The venture was established in 2010, making the business 12 years old.
The sale shall not include inventory valued at $5,000*, which ins't included in the suggested price.
The business has 15 employees and is located in a building with approx. square footage of 1,619 sq ft.
The real estate is leased by the business for $4,674 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell operating businesses. Nonetheless, the genuine factor vs the one they tell you might be 2 entirely different things. As an example, they might say "I have a lot of various responsibilities" or "I am retiring". For many sellers, these factors stand. But also, for some, these might just be reasons to try to conceal the reality of changing demographics, increased competition, recent reduction in revenues, or a variety of other reasons. This is why it is very crucial that you not count entirely on a seller's word, however instead, use the vendor's response in conjunction with your overall due diligence. This will paint a much more practical image of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses borrow money so as to cover points like stock, payroll, accounts payable, and so on. Remember that in some cases this can imply that profit margins are too thin. Many businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that must be fulfilled or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in new customers? Often times, businesses have repeat customers, which develop the core of their daily earnings. Certain factors such as new competition growing up around the location, roadway building, as well as staff turnover can impact repeat clients and also adversely impact future revenues. One crucial point to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business often, the better the opportunity to construct a returning consumer base. A final idea is the basic area demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Just how might the local mean home earnings effect future earnings prospects?
