Business Overview

Looking for a great experience for watching your favorite band or sports team while enjoying award-winning food and sipping a cool beverage? Under current ownership since April of 2006, the owner is ready to move onto other ventures and is willing to let this gem go to the next generation of high-energy entertainment enthusiast.
Established in 2003 as a bar and music venue, this bar offers a 300-person venue for those who love great entertainment, food, and drinks. Though known as a music venue, stand-up comedy has been added to the weekly entertainment offering. Always innovating, live band karaoke is a favorite of many locals – they supply the band, you provide the singing talent!

Financial

  • Asking Price: $600,000
  • Cash Flow: $313,100
  • Gross Revenue: $1,180,200
  • EBITDA: N/A
  • FF&E: $70,000
  • Inventory: $17,000
  • Inventory Included: N/A
  • Established: 2006

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:5,730
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

12 weeks

Purpose For Selling:

Looking for new opportunity

Additional Info

The venture was founded in 2006, making the business 16 years old.
The sale won't include inventory valued at $17,000*, which ins't included in the suggested price.

The property is leased by the company for $8,300 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people decide to sell operating businesses. Nonetheless, the real factor and the one they say to you may be 2 entirely different things. For instance, they may state "I have way too many other responsibilities" or "I am retiring". For many sellers, these factors are valid. But also, for some, these may just be justifications to attempt to conceal the reality of changing demographics, increased competition, current reduction in incomes, or an array of various other reasons. This is why it is extremely vital that you not count totally on a vendor's word, however rather, use the vendor's answer combined with your total due diligence. This will repaint an extra practical image of the business's present situation.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies finance loans so as to cover points such as inventory, payroll, accounts payable, so on and so forth. Remember that sometimes this can mean that profit margins are too tight. Numerous businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that have to be met or might result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location draw in brand-new consumers? Many times, businesses have repeat consumers, which develop the core of their everyday earnings. Particular aspects such as new competitors growing up around the area, road building and construction, as well as personnel turn over can influence repeat consumers and also negatively impact future earnings. One important thing to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business on a regular basis, the greater the possibility to develop a returning customer base. A last idea is the general area demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? Just how might the local typical house earnings impact future revenue potential?