Business Overview

Well-known American sports-themed restaurant & bar with consistent sales and great location. Real Estate available for purchase if desired.

Financial

  • Asking Price: $295,000
  • Cash Flow: $150,000
  • Gross Revenue: $1,250,000
  • EBITDA: $150,000
  • FF&E: N/A
  • Inventory: $10,000
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:5,858
  • Lot Size:N/A
  • Total Number of Employees:25
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This business is a sports-themed restaurant and bar with a full menu of high quality American food including BBQ, Pizza, Pastas, Sandwiches, Salads, Appetizers, kids meals, dinner entrees and more. Established in 1993, this restaurant has been a local favorite year after year. It has a very inviting, well-designed atmosphere with some custom touches for guests. The facility has seating for 186 inside and 85 on the outside patio. Its relaxing atmosphere includes a full bar and plentiful TV screens playing every major sports channel. Fast internet provided. The business is located in a desirable spot on a busy road with several rooftops nearby. They run a staff of 25+ employees. The business offers a direct delivery option, rather than relying solely on third party delivery companies. The real estate is also available for purchase, if desired, for $750,000.

Is Support & Training Included:

Owner will provide transitional support & training as needed.

Purpose For Selling:

reducing business portfolio

Opportunities and Growth:

Lots of upside potential!!

Additional Info

The sale does include inventory valued at $10,000, which is included in the suggested price.

The business has 25 employees and is situated in a building with disclosed square footage of 5,858 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell companies. Nonetheless, the true reason vs the one they tell you may be 2 completely different things. For instance, they might say "I have a lot of various commitments" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may just be reasons to try to conceal the reality of transforming demographics, increased competition, current decrease in profits, or an array of various other factors. This is why it is extremely important that you not depend absolutely on a seller's word, however rather, use the seller's solution in conjunction with your total due diligence. This will paint an extra reasonable image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses borrow money so as to cover points such as supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that earnings margins are too tight. Many organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise 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 agreements with vendors that need to be satisfied or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area attract new consumers? Often times, businesses have repeat customers, which form the core of their daily earnings. Specific factors such as new competition growing up around the area, roadway construction, and also staff turnover can affect repeat clients as well as negatively affect future revenues. One essential point to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business on a regular basis, the better the opportunity to build a returning client base. A final thought is the general location demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? Just how might the regional typical household earnings influence future earnings prospects?