Business Overview

A classy, neighborhood bar and grill that meets every customer’s expectations. All food is made from scratch with its own recipes. Restaurant has been voted “Best Neighborhood Grill” on the NextDoor App many times over.

This Bar & Grill was founded 4 years ago by restaurant industry executives. Using their industry knowledge they created a local experience that includes hand-crafted burgers and local brews. All recipes are made from scratch and provide the basis for a unique bar & grill experience. The restaurant includes a full bar, a large patio area, and a semi-private room that seats 15 people comfortably.

This restaurant produced an SDE of $138K during COVID in 2020 on a revenue of $950K. 2021 has ramped up beyond expectations with the first half revenues outperforming the prior year’s period by 58%. Lots of growth opportunities continue to exist.

This is a must-see for anyone thinking about owning a Bar and Grill. It is a mainstay for the neighborhood!!!

Financial

  • Asking Price: $390,000
  • Cash Flow: $138,000
  • Gross Revenue: $950,000
  • EBITDA: N/A
  • FF&E: $120,000
  • Inventory: $15,000
  • Inventory Included: Yes
  • Established: 2017

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,227
  • Lot Size:N/A
  • Total Number of Employees:20
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

1 week

Purpose For Selling:

retirement

Additional Info

The venture was started in 2017, making the business 5 years old.
The deal shall include inventory valued at $15,000, which is included in the listing price.

The business has 20 employees and is situated in a building with estimated square footage of 3,227 sq ft.
The real estate is leased by the company for $8,315 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell companies. Nevertheless, the true factor vs the one they tell you may be 2 completely different things. For instance, they may claim "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might simply be justifications to try to hide the reality of changing demographics, increased competitors, recent decrease in revenues, or an array of various other factors. This is why it is extremely essential that you not depend totally on a seller's word, but rather, make use of the seller's response combined with your total due diligence. This will paint an extra sensible picture of the business's current scenario.

Existing Debts and Future Obligations

If the current company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies finance loans in order to cover things such as supplies, payroll, accounts payable, and so on. Keep in mind that sometimes this can imply that profit margins are too small. Lots of organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that need to be satisfied or might cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area attract brand-new clients? Many times, businesses have repeat consumers, which create the core of their everyday earnings. Particular elements such as brand-new competition growing up around the area, road construction, and also staff turnover can impact repeat consumers and negatively affect future earnings. One vital thing to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business regularly, the higher the opportunity to construct a returning consumer base. A last thought is the basic area demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? Just how might the local median home income impact future earnings potential?