Business Overview

TURN KEY BUSINESS AND REAL ESTATE FOR SALE! Sale includes real estate and business to include fixtures, equipment and LIQUOR LICENSE. This operating Tavern has been in business for over 37 years with a solid customer base. Think “Cheers” atmosphere with Bocce Courts and Outside Bar! The solid concrete building was made with I Beams, so no support poles. Open 3,200 sq ft on the main floor, and a drive in basement with another open 3,200 sq ft. There is also a 1,160 sq ft apartment on the 2nd floor w/balcony. Within 2 blocks you will find your neighbors: Planet Fitness, Aldi, Advance Auto, Auto Zone, Orielly Auto, Sherwin Williams, Flynns Auto, Walgreens, Lowes and the Shenango Valley Mall. LOCATION! LOCATION! LOCATION! This business sits in the heart of Hermitage! Ample parking and easy in and out. Opportunity to increase the cash flow by expanding hours to capture lunch crowd. Everything is here…just bring your entrepreneurial skills!

Financial

  • Asking Price: $990,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:7,560
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals resolve to sell businesses. Nonetheless, the genuine reason and the one they say to you might be 2 completely different things. For instance, they may say "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might just be justifications to try to conceal the reality of changing demographics, increased competitors, current reduction in profits, or a variety of various other factors. This is why it is really crucial that you not count completely on a seller's word, yet rather, utilize the seller's response together with your total due diligence. This will paint a more reasonable picture of the business's present situation.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses take out loans in order to cover points such as stock, payroll, accounts payable, etc. Remember that sometimes this can imply that profit margins are too tight. Numerous organisations fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments 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 have to be fulfilled or may lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location bring in brand-new clients? Many times, operating businesses have repeat customers, which form the core of their day-to-day profits. Specific variables such as new competition sprouting up around the area, roadway construction, and also personnel turnover can impact repeat clients and negatively impact future earnings. One vital point to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business regularly, the better the opportunity to build a returning consumer base. A last thought is the general area demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? How might the neighborhood average home income influence future income potential?