Asking Price: $269,000 Gross Revenue: $462,855Cash Flow: $139,245 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $3,000 included in asking priceFF&E: $80,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Nationwide franchise burger shop placed in the end-cap space of a retail strip next to a high-income residential area is available for acquisition. This business was originally established by the current owner in 2015 and has operated full-time to the present time. Most of the customers are upper-class individuals from the surrounding densely populated high-end apartment complexes and corporate employees with large amounts of disposable income that come during lunch hours. Net sales average was $480,000/year that has been consistent throughout the last several years of operation with some marketing in place by corporate and social media marketing online. Although corporate marketing has brought ample amount of new customers, other proactive marketing methods needs to be utilized for this business to generate more cash flow and acquire new customers from the surrounding untapped areas. Competition is expected for this large business industry, but this business is known for their easy accessibility and affordable price point of their menu that is perfect for the demographics of the local area. There are many ways to proactively market this business such as direct mailing, flyers to apartments, catering service, hire management and expand the interior for more seating. Current owner of the business works full-time as an owner-operator and would benefit greatly by having management in place so the owner can fully focus on marketing as well as growing the business outside the operation. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day operations.
Listing ID #000780
For more info, please call Stephen Lee at 1-866-519-2421.
About the Business
Number of Employees:
This business is located in a 1,982 SF retail strip center that is placed in front of high-end apartment complexes and beside a large number of retail businesses that consistently brings traffic to the area. All equipment is in impeccable condition and in working order.
Few competitors are within the immediate market area, but can't truly compete with this business due to the easy accessibility of this business and a more affordable price point that is perfect for the demographics of the area.
Growth & Expansion:
Some marketing is in place through online ADs and corporate marketing, but other proactive marketing methods needs to be utilized to generate as much cash flow and customer acquisition as possible. Focusing on the catering operation will boost sales dramatically and acquire more customers.
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