Listing ID: 6559

Business Overview

Outstanding profitable multi unit business. This is a high grossing business and the locations are excellent. Restaurants attractively decorated and all FF&E are in excellent condition. Great records have been kept and all information is available. Owners will consider all offers.

Financial

  • Asking Price: $1,498,000
  • Cash Flow: $220,000
  • Gross Revenue: $3,800,000
  • EBITDA: $
  • FF&E: $330,000
  • Inventory: $10,500
  • Inventory Included: N/A
  • Established: 2012

Detailed Information

  • Building Square Footage:14,500 Sq Ft
  • Furniture, Fixtures and Equipment:$330,000
About The Facility:

Each facility is in excellent condition with long term leases. (Home Based)

Is Support & Training Included:

Owner will train the new owner on all aspects of the business for a period of two weeks to a month depending on the new owners request.

Purpose For Selling:

Spend more time with family.

Pros and Cons:

Limited competition

Addition Info

The venture was established in 2012, making the business 8 years old.
The sale won't include inventory valued at $10,500*, which ins't included in the asking price.

Further more, Furniture, fixtures and equipment valued at $330,000 is included in the requested price.
The company has 63 employees and is situated in a building with disclosed square footage of 14,500 sq ft.
The property is leased by the company for $27,700 /Month

3 Things to Consider When Researching operating businesses for sale in Tuscaloosa County - Tuscaloosa, Alabama

Acquiring a company is one of the greatest decisions you will make in your lifetime. Picking carefully can cause remarkable economic advantages for you, your loved ones, and also your retirement. Nevertheless, in order to make an appropriate choice, you must take into consideration a number of points.|In order to make a correct decision, you should think about a number of things.} Below are 3 crucial items to consider prior to acquiring a company in Tuscaloosa County - Tuscaloosa, Alabama.

Why is the Current Owner Selling The Business?

{There are all kinds of reasons individuals choose to sell operating businesses. Nonetheless, the true factor and the one they tell you may be 2 totally different things. As an example, they may say "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might just be justifications to try to hide the reality of transforming demographics, increased competition, recent decrease in profits, or a variety of other factors. This is why it is really vital that you not depend absolutely on a vendor's word, however instead, make use of the seller's response along with your total due diligence. This will paint an extra reasonable image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans so as to cover things such as supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can mean that earnings margins are too tight. Many organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that need to be satisfied or may result in charges if terminated early.

Understand the Customer Base, Competition and Area Demographics

How do operating businesses in the Tuscaloosa County - Tuscaloosa, Alabama location bring in brand-new consumers? Many times, companies have repeat customers, which develop the core of their everyday profits. Specific elements such as brand-new competitors sprouting up around the location, roadway building and construction, and employee turnover can influence repeat customers and negatively influence future profits. One vital point to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business on a regular basis, the better the chance to build a returning consumer base. A final idea is the basic area demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? How might the neighborhood mean family earnings impact future revenue potential?