Listing ID: 66712

Business Overview

This well known and established restaurant and full bar with property is located in a fantastic spot with lots of loyal and through traffic in a desirable geographic. The seller is ready to move on and has set-up the business to be owner absentee! This turn-key operation is ready to be taken over with staff and management in place. Moreover, this business has fantastic profits showing growth more through the Covid crisis. With Tons of recent Renovations and Improvements, this opportunity is very Hot and will not last long!
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Financial

  • Asking Price: $1,520,500
  • Cash Flow: $174,000
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Owner is willing to train and help with the transition.

Purpose For Selling:

Moving on to other ventures.

Opportunities and Growth:

Great room for growth

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals decide to sell operating businesses. Nevertheless, the real factor and the one they tell you may be 2 totally different things. For instance, they may state "I have a lot of various responsibilities" or "I am retiring". For many sellers, these factors are valid. But also, for some, these might just be justifications to attempt to hide the reality of altering demographics, increased competitors, recent decrease in revenues, or a range of various other factors. This is why it is very vital that you not depend absolutely on a seller's word, but rather, make use of the vendor's answer in conjunction with your overall due diligence. This will paint an extra sensible picture of the business's current circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses borrow money with the purpose of covering things such as supplies, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that revenue margins are too thin. Many businesses come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that need to be met or might result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area attract brand-new clients? Often times, businesses have repeat consumers, which create the core of their everyday profits. Certain elements such as brand-new competitors growing up around the location, roadway building and construction, and personnel turnover can impact repeat consumers as well as adversely influence future earnings. One vital thing to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business often, the greater the possibility to build a returning client base. A last thought is the general area demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? How might the neighborhood average house income effect future revenue potential?