Business Overview

An iconic, long-term bar is on the market! A gem and money-maker, the bar’s owners have kept it on the cutting edge with the latest food and entertainment tools. Pool tables, pull-tabs, trivia nights, Karaoke, and other events keep this spot hopping. A new owner can profitably keep it as is, or take it to the next level.

Financial

  • Asking Price: $725,000
  • Cash Flow: $250,000
  • Gross Revenue: $1,300,000
  • EBITDA: N/A
  • FF&E: $60,000
  • Inventory: $5,000
  • Inventory Included: N/A
  • Established: 1950

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,200
  • Lot Size:N/A
  • Total Number of Employees:16
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

On a well-traveled street, it boasts easy access, on-site parking, and a large outdoor patio.

Is Support & Training Included:

As needed and agreed upon.

Purpose For Selling:

Retirement.

Pros and Cons:

You can buy other bars in the Seattle area, but you can't buy the history.

Additional Info

The business was established in 1950, making the business 72 years old.
The transaction doesn't include inventory valued at $5,000*, which ins't included in the asking price.

The business has 16 employees and is situated in a building with estimated square footage of 3,200 sq ft.
The real estate is leased by the company for $6,993 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals decide to sell businesses. Nevertheless, the genuine factor and the one they say to you might be 2 totally different things. For instance, they might state "I have too many other commitments" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may simply be justifications to try to hide the reality of transforming demographics, increased competition, recent decrease in earnings, or an array of other reasons. This is why it is very essential that you not count completely on a vendor's word, however rather, use the seller's solution in conjunction with your total due diligence. This will repaint an extra realistic picture of the business's present situation.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans with the purpose of covering items such as inventory, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that earnings margins are too tight. Numerous organisations fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that have to be fulfilled or may cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area draw in new clients? Many times, companies have repeat consumers, which form the core of their day-to-day earnings. Particular variables such as brand-new competition sprouting up around the location, roadway building, and also personnel turn over can influence repeat consumers as well as adversely influence future revenues. One vital point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the better the possibility to build a returning customer base. A last thought is the general area demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? Just how might the neighborhood mean household income effect future revenue prospects?