Business Overview

Popular restaurant/bar in a small eastern Oregon community. “American” style food that focuses on quality and interesting food that is thoughtfully put together, American food with a flare! Located in a community that is growing and bringing in people that are moving to the area from larger cities looking for good food. The restaurant does have a full liquor license and four lottery machines to help add to the bottom line. They were able to stay open through the pandemic and had some of their best income as they were able to pivot and adapt to the situation that restaurants had been put in.
A local restaurant that is a second-generation owner that took over business five years ago and came in and changed out the format and put their own spin and an American restaurant. Food that pushes to be the best in the area focusing on making sure each dish makes your mouth water. There has been a bar in this spot for many years and the current focus is more of a restaurant vibe attracting patrons of all ages.
One of the only restaurants/bars in the area and draws from the local community as well as travelers coming through. Continue with the current operation
Expand on the existing hours with extending the bar hours and possibly doing brunch on the weekends. This restaurant was not affected by the pandemic, but the lottery was, now that restrictions have started to lighten up the lottery has made a nice comeback. This is a great opportunity an owner operator, or you can continue with the successes of the current owner and take a step back with a manager in place that is fully capable.

Financial

  • Asking Price: $450,000
  • Cash Flow: $165,036
  • Gross Revenue: $722,328
  • EBITDA: N/A
  • FF&E: $120,700
  • Inventory: $13,175
  • Inventory Included: Yes
  • Established: 2016

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,900
  • Lot Size:N/A
  • Total Number of Employees:10
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

moving on

Additional Info

The business was founded in 2016, making the business 6 years old.
The transaction does include inventory valued at $13,175, which is included in the listing price.

The company has 10 employees and is situated in a building with estimated square footage of 1,900 sq ft.
The building is leased by the business for $2,400 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell businesses. Nevertheless, the true factor and the one they tell you may be 2 completely different things. As an example, they may claim "I have way too many various obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may simply be excuses to try to hide the reality of transforming demographics, increased competition, recent reduction in revenues, or a range of various other factors. This is why it is extremely important that you not rely absolutely on a seller's word, however instead, use the seller's solution together with your total due diligence. This will paint a more realistic image of the business's present circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses borrow money with the purpose of covering points like stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can suggest that revenue margins are too small. Lots of businesses 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 commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that have to be satisfied or might result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location bring in new clients? Most times, companies have repeat consumers, which create the core of their everyday profits. Certain elements such as brand-new competitors sprouting up around the location, road building and construction, and also personnel turnover can affect repeat consumers and negatively affect future profits. One important thing to consider is the area 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 possibility to build a returning client base. A last thought is the general area demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? Exactly how might the local average household earnings impact future income prospects?