Listing ID: 83024
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 1 of 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.
- Asking Price: $99,000
- Cash Flow: N/A
- Gross Revenue: $486,830
- EBITDA: N/A
- FF&E: $150,000
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,500
- Lot Size:N/A
- Total Number of Employees:15
- Furniture, Fixtures and Equipment:N/A
The franchisor will train the new owner on how to successfully run and operate the business.
This Business Is An Established Franchise
The business was founded in 2017, making the business 5 years old.
The deal doesn't include inventory valued at $5,000*, which ins't included in the listing price.
The business has 15 employees and is situated in a building with approx. square footage of 1,500 sq ft.
The property is leased by the business for $3,500 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell operating businesses. However, the genuine reason vs the one they say to you may be 2 totally different things. For instance, they might claim "I have way too many other commitments" or "I am retiring". For many sellers, these reasons stand. But also, for some, these might just be reasons to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in profits, or an array of other factors. This is why it is extremely vital that you not depend entirely on a vendor's word, but rather, utilize the vendor's answer along with your total due diligence. This will repaint a much more sensible picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses take out loans so as to cover points like stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that earnings margins are too thin. Lots of businesses come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that need to be fulfilled or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location attract new customers? Many times, businesses have repeat customers, which develop the core of their daily earnings. Specific variables such as brand-new competition sprouting up around the location, roadway construction, as well as employee turn over can impact repeat clients and negatively affect future profits. One crucial thing to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business regularly, the better the chance to develop a returning customer base. A last thought is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? Just how might the neighborhood typical house income impact future earnings prospects?