Business Overview

Established and Highly Profitable Bar/Restaurant in Historic Savannah:
Turn-key business offers, $340K cash flow in only 5 day parts per week, absentee run! Easy to operate, but training and support are available if needed. Fun and unique concept and situated in the heart of Savannah with long term lease in place. Contact Tim Hagar for additional information and qualifications. Tim Hagar 843-442-1872.

Financial

  • Asking Price: $900,000
  • Cash Flow: $340,000
  • Gross Revenue: $1,300,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $15,000
  • Inventory Included: N/A
  • Established: 2018

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:10
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Seller will train

Purpose For Selling:

seller is moving out of state

Additional Info

The business was founded in 2018, making the business 4 years old.
The sale shall not include inventory valued at $15,000*, which ins't included in the suggested price.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell operating businesses. Nevertheless, the genuine factor and the one they say to you may be 2 totally different things. For instance, they may claim "I have a lot of other commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might just be justifications to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in revenues, or a range of other reasons. This is why it is very important that you not depend completely on a seller's word, but instead, use the vendor's solution together with your total due diligence. This will repaint a much more realistic picture of the business's present circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies finance loans so as to cover items like inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can suggest that profit margins are too small. Lots of companies fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that should be met or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area bring in new clients? Many times, businesses have repeat clients, which form the core of their day-to-day profits. Specific aspects such as brand-new competition growing up around the area, road building, as well as personnel turn over can affect repeat customers as well as negatively influence future revenues. One essential point to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business often, the higher the chance to construct a returning consumer base. A final idea is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the outside border of town? Exactly how might the local average house earnings influence future income potential?