Business Overview

This family-owned neighborhood bar has served its customers for over 30 years! This is the quintessential bar where everyone knows your name. There is a loyal following of regulars who come to enjoy a drink after work or a night out, or to play a game and have fun with familiar faces. The bar serves a wide range of alcohol beverages including draft beer, and it boasts a full kitchen to make home cooked meals to go with the drinks. There are also a wide variety of games and activities available to the customers, as well as ample room for gatherings and parties.

Revenue and discretionary earnings have remained consistent over the past several years, with the exception of 2020 due to COVID-19. Revenue is fast approaching pre-COVID levels of $420k/year and Seller’s Discretionary Earnings of $90k.

Financial

  • Asking Price: $198,000
  • Cash Flow: $90,000
  • Gross Revenue: $420,000
  • EBITDA: N/A
  • FF&E: $35,000
  • Inventory: $1,000
  • Inventory Included: N/A
  • Established: 1986

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,300
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The business is based in North Central San Antonio in a growing area of town. It is located in a neighborhood shopping center with plenty of parking.

Is Support & Training Included:

Seller will stay on for four weeks to ensure a smooth transition.

Purpose For Selling:

Owner has other interests.

Pros and Cons:

There are other competitors that compete in the same area as the subject business, but there are no major competitors who have the name and reputation to attract and retain the caliber of customers the company is working with.

Opportunities and Growth:

This business has great potential to grow revenue by increasing its social media presence and offering more food products.

Additional Info

The company was founded in 1986, making the business 36 years old.
The sale shall not include inventory valued at $1,000*, which ins't included in the listing price.

The business has 4 PT employees and is situated in a building with disclosed square footage of 3,300 sq ft.
The real estate is leased by the company for $3,136 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell operating businesses. Nevertheless, the real factor vs the one they say to you might be 2 completely different things. For instance, they may say "I have way too many various responsibilities" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be reasons to attempt to hide the reality of changing demographics, increased competition, recent reduction in earnings, or an array of various other factors. This is why it is very crucial that you not count absolutely on a seller's word, but instead, utilize the vendor's answer together with your general due diligence. This will repaint an extra practical image of the business's present situation.

Existing Debts and Future Obligations

If the current business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses finance loans in order to cover items such as supplies, payroll, accounts payable, and so on. Keep in mind that sometimes this can imply that earnings margins are too thin. Lots of companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that have to be met or may cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area bring in new consumers? Often times, businesses have repeat customers, which develop the core of their daily profits. Particular variables such as brand-new competition sprouting up around the location, road building and construction, as well as personnel turnover can affect repeat consumers and also negatively influence future incomes. One crucial point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business often, the greater the opportunity to construct a returning client base. A final idea is the general area demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? Just how might the neighborhood mean home income effect future income potential?