Business Overview

This is your opportunity to own that popular, local bar & grill that you’ve always wanted, and make money at the same time. It’s no secret that restaurants are a risky business to start up. Why go through that uncertainty? Here, you can step into a well-established, clean operation with a great reputation, a solid staff, and a loyal customer base. Be the exception – make money while you’re doing something you love!

We have seen a LOT of restaurants over the years and this one truly shines. Get that NDA filled out & returned, and let’s make this dream a reality for you!

Financial

  • Asking Price: $200,000
  • Cash Flow: $225,000
  • Gross Revenue: $1,125,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $15,000
  • Inventory Included: N/A
  • Established: N/A
About The Facility:

150+ seats total, including private dining areas that can double as daily dining for overflow and a patio that is currently configured to seat just under 30. Plenty of parking. Large, well-equipped kitchen with plenty of storage space and an office.

Is Support & Training Included:

Seller will train new owner to ensure a smooth transition.

Additional Info

The transaction doesn't include inventory valued at $15,000*, which ins't included in the requested price.

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals resolve to sell companies. However, the true reason and the one they tell you may be 2 totally different things. For instance, they might claim "I have too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may simply be excuses to try to hide the reality of changing demographics, increased competition, recent reduction in revenues, or a range of other factors. This is why it is really important that you not count completely on a seller's word, but instead, make use of the seller's solution combined with your general due diligence. This will repaint an extra sensible picture of the business's current situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses finance loans in order to cover things such as inventory, payroll, accounts payable, so on and so forth. Remember that occasionally this can imply that earnings margins are too small. Many companies fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There might 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 met or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area bring in brand-new customers? Most times, companies have repeat clients, which create the core of their day-to-day profits. Specific elements such as brand-new competitors sprouting up around the area, road construction, and also employee turn over can impact repeat clients as well as negatively affect future profits. One important point to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business regularly, the higher the opportunity to develop a returning client base. A final thought is the general location demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? Exactly how might the regional median house earnings effect future income prospects?