Listing ID: 70313
Seller says “Pay me in Bitcoin!” That is right! Message me for details!
This is your chance! Be your own boss! Yes I neighborhood bar and grill with pull tabs. This beauty is fully remodeled and staffed for you. You can step in and start day one with no worries. Great clientele and marketing already in place. This just needs you to take it to the next level! For more detailed information, please contact listing broker Scott Kranz at 515-302-1073 or email email@example.com
Owner is willing to finance a portion of this sale.
- Asking Price: $199,999
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $200,000
- Inventory: $10,000
- Inventory Included: Yes
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,500
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 2,500 square feet with a Total Monthly Rent of $6,000. Lease ends 09/2024. Seller is active in the business with 1 FT and 4 PT employees. Hours of operation are 11am to 12pm Monday thru Sunday. $10,000 in Inventory and $200,000 in FF&E included in asking price. Liquor License required.
Seller has another business he wants to focus on
This bar has an absentee owner. With your management and attendance the sky is the limit for this bar/grill.
The business was established in 2020, making the business 2 years old.
The transaction does include inventory valued at $10,000, which is included in the suggested price.
The company has 1 FT, 4 PT employees and resides in a building with approx. square footage of 2,500 sq ft.
The building is leased by the company for $6,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell companies. However, the real reason vs the one they tell you might be 2 absolutely different things. For instance, they may state "I have way too many various commitments" or "I am retiring". For many sellers, these factors are valid. But, for some, these might simply be reasons to attempt to conceal the reality of changing demographics, increased competition, current decrease in incomes, or an array of various other factors. This is why it is really important that you not depend entirely on a vendor's word, but instead, use the vendor's response together with your total due diligence. This will paint a more realistic image of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Many companies borrow money so as to cover things like supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that earnings margins are too thin. Numerous businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that must be satisfied or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in new consumers? Often times, operating businesses have repeat clients, which form the core of their day-to-day revenues. Specific variables such as new competitors growing up around the location, roadway construction, and also personnel turnover can affect repeat customers and negatively influence future revenues. One crucial thing to consider is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business on a regular basis, the greater the chance to build a returning customer base. A last thought is the basic location demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? How might the local average house earnings influence future earnings prospects?