Listing ID: 83040
Business Overview
Sunbelt Business Brokers of New Orleans presents this nationally recognized and popular franchise sandwich restaurant business for sale in Jefferson Parish! Business has been in operation for over 7 years servicing a popular and established suburb community of New Orleans, La. Store is located off a very high traffic and bustling commercial epicenter for its part of town. Store occupies a leased space of approximately 1,400sqft and can seat between 40-50 people. Store is absentee operated and has strong sales numbers.
Owner has decided to sell to pursue other interests. This could be an ideal owner operator operation or maintained absentee. Franchisor will help train new owner. Owner may consider some owner financing for a qualified buyer with a proper down payment. Contact us today on this excellent opportunity before its gone!
Financial
- Asking Price: $300,000
- Cash Flow: $91,713
- Gross Revenue: $593,536
- EBITDA: N/A
- FF&E: $90,000
- Inventory: $3,500
- Inventory Included: Yes
- Established: 2015
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,400
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
Availalbe
Other interests
This Business Is An Established Franchise
Additional Info
The venture was established in 2015, making the business 7 years old.
The sale will include inventory valued at $3,500, which is included in the asking price.
The company has 7Ft employees and is situated in a building with approx. square footage of 1,400 sq ft.
The building is leased by the company for $5,800 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell businesses. However, the true reason and the one they say to you may be 2 entirely different things. For instance, they might say "I have too many various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may just be justifications to try to hide the reality of changing demographics, increased competition, recent decrease in profits, or a variety of other reasons. This is why it is really crucial that you not depend completely on a vendor's word, yet instead, use the seller's answer combined with your total due diligence. This will paint a more sensible picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Many businesses take out loans so as to cover points such as inventory, payroll, accounts payable, and so on. Keep in mind that in some cases this can mean that revenue margins are too small. Lots of organisations fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise 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 contracts with suppliers that need to be satisfied or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in brand-new clients? Many times, companies have repeat customers, which develop the core of their day-to-day earnings. Particular variables such as new competition sprouting up around the area, roadway construction, as well as personnel turn over can influence repeat customers and also negatively affect future profits. One crucial thing to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business regularly, the higher the chance to construct a returning consumer base. A final idea is the general area demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Exactly how might the local median home income impact future income prospects?
