Last Revised: 9/11/19. Posting #: 256086
Key Words: fast food, franchise, simi valley, ventura, absentee
Financial Info: Price: $125,000. Down: $25%. Adjusted Net: $71,601. Annual Revenues: $710,764. SDE is based on an owner operator model replacing current management structure with a working owner. SBA third party financing should be available for a qualified buyer with 25% down payment.
Profile: Great opportunity to own a well-established, 100% absentee owned and employee operated, turn key, fully functional franchised restaurant in the very desirable City of Simi Valley.
This business establishment with ample seating capacity attracts patrons for a quick business lunch to dinner with friends and family.
Additionally, current ownership dedicates almost no time and resources for advertisement and promotion of this business and most of its clientele is established repeat or referral, therefore, upside potential, additional revenues and resulting higher bottom line may be realized by actively engaging in advertisement campaigns and utilizing social media.
Sellers maintain a full complement of staff with high payroll related expenses, therefore, a higher bottom line may be realized for an energetic new buyer by controlling payroll related expenses.
Anchored by multiple national brand business establishments and strategically located in a very large shopping center with premium anchor tenants ensure large volume of vehicle and foot traffic.
Growth in surrounding area may result in higher traffic and added future potential.
Total Seller Discretionary Earnings (SDE): $71,601.
SDE is based on an owner operator model replacing current management structure with a working owner.
SBA third party financing should be available for a qualified buyer with 25% down payment.
Clean books and records, 100% absentee ownership, full complement of staff, busy major street location along with opportunity for expansion and growth presents a great acquisition opportunity.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
Profile: If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
Key Words: mike brewer, liquor license, liquor licenses, abc, license broker, liquor license brokers
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
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Profile: Born and raised in Rochester, New York, Blair received his law degree in 1981 from Albany Law School. Over the course of the next four decades, Blair worked as a criminal prosecutor in Rochester, then for a large New York law firm in New York and Miami before starting his own solo legal practice.
Key Words: blair sibley, klassen ingalls, business broker, wholesale, plumbing, supplier, storage, marketing, distributor, distribution, market, supermarket, construction, hardware, swimwear, apparel, clothing, dry cleaners, day care, equipment, framing, staffing, fast food, hudson river valley, monroe, wayne, albany, jefferson, buffalo, erie, boston, worcester, rochester
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: New York Business Broker Blair Sibley discusses the idea that business owner sellers should not guess when valuing and pricing their small to mid-sized business for sale and should be able to justify and support their asking price when marketing and selling their business for sale.
Key Words: sell a business, sell your business, sell my business, selling a business, valuation, business valuation, business value, value, selling price, asking price, pricing your business, valuing a business, valuing your business, cash flow, sde, discretionary income, sme, buying a business, adjusted net income, income, earnings, sba loans, sba loan, loans, financing, business purchase financing, blair sibley
Profile: Buying a business is no easy task. In fact, business buyers are faced with many questions before beginning their search for an existing business for sale. BizBenNetwork Senior Facilitator Manager Jordan Green gives helpful tips for prospective business buyers to start their search on the right foot.
Key Words: buying a business, business buyers, buyer, buyers, buying a small business, absentee, absentee run, pre-qualification, financing, loans, sba loans, deposits, business purchase financing, due diligence, jordan green
Profile: A big reason that businesses never sell is because they are overpriced. BizBenNetwork Senior Facilitator Manager Jordan Green shares helpful tips with business owners to properly value their business and reviews costly mistakes to avoid in order to establish a fair asking price for a business.
Key Words: jordan green, intangible assets, equipment, value, business brokers, business owners, sellers, improvements, sales multiple, net income, business for sale, preparing a business for sale, valuation
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Profile: Many business owners wonder if there is ever a perfect time to sell their business. Should you sell your business now or wait until your business is more profitable/valuable? BizBenNetwork Senior Facilitator Manager Jordan Green explores this complicated question for business owner/sellers.
Key Words: jordan green, profit, profits, profitable, selling your business, sell a business, business owner, value, valuable, business value, profitable business
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