Listing ID: 70018
Small neighborhood bar around since the 1930’s. Real estate included. No food headaches. 1 employee per shift. 2 bedroom home is adjacent and included. House currently rented for $650 per month. Current gaming income of $5k per month. Gaming contract is about to expire so you can move this to any vendor you choose. Nice outdoor beer garden and smoking area. The bar was just remodeled during the COVID shut down. Looks beautiful. This place is clean and pristine. This would be great for an owner operator. Sells more liquor than beer. No draft beer. No well liquor. You get the bar, the bar real estate, the gaming and the adjacent rental house real estate.
- Asking Price: $250,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $30,000
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The sale shall not include inventory valued at $30,000*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell companies. Nonetheless, the genuine reason vs the one they say to you might be 2 completely different things. As an example, they may state "I have too many other commitments" or "I am retiring". For many sellers, these reasons stand. However, for some, these may just be reasons to try to hide the reality of transforming demographics, increased competition, recent reduction in revenues, or a range of other factors. This is why it is very vital that you not depend totally on a vendor's word, but rather, use the seller's answer together with your general due diligence. This will paint a more sensible picture of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses finance loans so as to cover items like supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that earnings margins are too thin. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that should be fulfilled or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in new customers? Many times, operating businesses have repeat consumers, which develop the core of their day-to-day revenues. Particular variables such as new competitors sprouting up around the area, road building and construction, as well as employee turn over can impact repeat clients as well as negatively affect future incomes. One crucial thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business often, the greater the chance to construct a returning customer base. A last thought is the basic location demographics. Is the business located in a densely populated city, or is it located on the edge of town? Just how might the local average family income impact future revenue prospects?