Listing ID: 70189
AMAZING RESTAURANT BAR LISTING in W BRADENTON Florida-minutes from Anna Maria Iland Beaches!!
FULLFILL your LIFE-LONG DREAM of OWNING a neighborhood local BAR-Restaurant by the BEACH in SW Florida!!!
This is your once in a Lifetime chance to follow your Heart & Passion!!
Be Master of your Destiny.DON’T miss out on this unique Bar-Restaurant.
SELLER will FINANCE with ONLY–$150,000 Down
- Asking Price: $299,000
- Cash Flow: $130,000
- Gross Revenue: $760,000
- EBITDA: N/A
- FF&E: $125,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2002
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:14
- Furniture, Fixtures and Equipment:N/A
Owners will facilitate the transition with training and support for up to 4weeks. The owner's son is an experienced Manager who has worked in the business for many years.He will stay on as employee indefinately if the buyer wishes.
Retiring after 30+ years
Normal Restaurant Bar competition exists in the area.
The venture was founded in 2002, making the business 20 years old.
The company has 14 employees and is located in a building with estimated square footage of 3,000 sq ft.
The property is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell operating businesses. Nonetheless, the true reason vs the one they tell you may be 2 entirely different things. For instance, they may claim "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may simply be reasons to attempt to hide the reality of altering demographics, increased competition, recent decrease in profits, or an array of various other factors. This is why it is very crucial that you not depend totally on a seller's word, yet rather, make use of the seller's solution together with your general due diligence. This will paint an extra practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many operating businesses finance loans with the purpose of covering items such as stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can imply that earnings margins are too tight. Numerous companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that need to be met or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in new consumers? Often times, companies have repeat customers, which develop the core of their daily earnings. Certain elements such as new competition sprouting up around the area, road building, and staff turnover can influence repeat consumers and adversely impact future incomes. One important point to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the higher the possibility to construct a returning consumer base. A last idea is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Exactly how might the neighborhood mean household income effect future income potential?