Listing ID: 71211
Well Established and Profitable Restaurant/Bar Mt. Pleasant:
Very popular local hangout with consistent sales and cash flow. Tracking $2.3M+ annual sales and estimated cash flow of $325K+. Huge outdoor patio and bar, plenty of free parking and long-term lease in place. Serving up good times for the whole family. Priced below replacement, no-brainer turn-key, profitable operation. Contact Tim Hagar for details and financial qualification.
- Asking Price: $1,125,000
- Cash Flow: $325,000
- Gross Revenue: $2,300,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $25,000
- Inventory Included: N/A
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:30
- Furniture, Fixtures and Equipment:N/A
Seller training is negotiable
The business was founded in 2008, making the business 14 years old.
The sale won't include inventory valued at $25,000*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell businesses. However, the true reason vs the one they say to you might be 2 totally different things. As an example, they might say "I have too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may just be reasons to try to conceal the reality of altering demographics, increased competitors, recent reduction in revenues, or an array of other factors. This is why it is very essential that you not count absolutely on a vendor's word, yet instead, make use of the vendor's solution in conjunction with your total due diligence. This will paint a much more realistic image of the business's current scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses borrow money with the purpose of covering points like stock, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can mean that revenue margins are too tight. Many 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 additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that must be fulfilled or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area draw in new consumers? Many times, businesses have repeat consumers, which create the core of their day-to-day profits. Specific elements such as new competition growing up around the location, roadway construction, and personnel turnover can impact repeat consumers and negatively affect future earnings. One essential point to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business often, the higher the chance to build a returning customer base. A last idea is the general area demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? Exactly how might the regional mean family income impact future earnings prospects?