Absentee-Owned Modern, Made-Fresh Chinese Lunch Hot Spot - Business For Sale

1905

$600,000 in Buildout at this Ultra-Trendy Made-to-Order Eatery

Over $600,000 and buildout at this ultra-trendy made-to-order eatery! Fresh, authentic Chinese menu with a Chipotle-style counter service concept. This business is well-positioned in one of Omaha’s most sought-after locations with walk-in traffic from hungry office workers at the nearby Fortune 500 companies. This restaurant also benefits from exposure at many events and festivals hosted right at its doorstep.

With 12 existing employees including a trained general manager and an assistant general manager, this truly is an absentee-owned business. An incoming owner could decide whether to work in the business day-to-day or to oversee operations as a passive investment. The existing owner (who also owns several other businesses) will also provide 90 days of training to allow the incoming owner to be successful starting at day one!

Location: Central Omaha mixed-use development

Demographics: Fortune 500 company headquarters within walking distance.

Capacity: Seating for 75

Employees: 12: 1 GM, 1 AGM, 7 Wait staff & 3 cooks

Growth Opportunities: catering, lunch boxes for corporate locations within walking distance

Current Owner’s Responsibilities: Absentee

Financial Overview:
Gross Sales
2015: $578,046 annualized
2014: $543,048
2013: $527,413

Cash Flow as Owner-Operator
2015: $115,856 annualized
2014: $98,250

Sales Trends: 18% growth in Cash Flow from 2014-2015!

Profit Margin: 20% in 2015

Cash Flow as Absentee Owner
2015: $77,006 annualized
2014: $70,950

Valuation (as Absentee Owner):
2014 Cash Flow x Multiple = Price
$70,950 x 3 = $212,850

Assets Included in Purchase:
Equipment: $162,050
Inventory: $8,502
Intangible Assets: Approximately $600,000 in startup and buildout costs

*amounts may vary

Funding Example:
Purchase Price: $212,000
10% Buyer Down Payment: $21,200
15% Seller Financing: $31,800
75% Bank Loan: $159,000

In the above scenario, the assets and equipment included in the business would collateralize an equipment loan from a lender.

After all loan payments are made, a new absentee owner would realize a net operating income of $36,644 in the first year (172% of the initial down payment investment), while an incoming owner-operator would earn $63,944 (three times the initial investment).

Facilities:

Location: Central Omaha mixed-use development Capacity: Seating for 75 Hours: Mon - Sat 11 am - 9 pm; Sun 12 pm - 9 pm

Growth Potential:

catering, lunch boxes for corporate locations within walking distance

Training/Support:

90 Days

Seller Financing:

15%

Sale Reason:

Owns several businesses