Business Overview

This long-time popular Pub & Grill is currently open and operating. It could be a simple turn operation for the new owner. The 2,220 sq ft restaurant consist of a 810 sf Dining Area (approximately 62 seating), 625 sf three sided Bar Area with 20 seats, 250 sf Kitchen, 220 sf Storage / Prep Area, 115 sf Restroom Area, 60 sf Entrance Vestibule. The Pub also has a 736 sf Patio which is partially covered and can seat approximately 50 people. The purchase price of this restaurant includes the liquor license, all restaurant equipment, trade fixtures, tables chairs, refrigerators, freezers, lights, televisions, stoves, fryers, sinks, etc. Everything needed to operate the Bar & Grill is included.

Financial

  • Asking Price: $339,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:3,131
  • 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 kinds of reasons individuals resolve to sell companies. Nonetheless, the genuine reason and the one they tell you might 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 factors are valid. However, for some, these may just be excuses to try to conceal the reality of transforming demographics, increased competitors, current reduction in revenues, or a variety of other factors. This is why it is extremely crucial that you not depend completely on a vendor's word, however rather, make use of the seller's response together with your overall due diligence. This will paint an extra reasonable picture of the business's current circumstance.

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. Many businesses take out loans with the purpose of covering items such as supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that profit margins are too thin. Many businesses come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that have to be fulfilled or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area draw in brand-new customers? Often times, businesses have repeat consumers, which develop the core of their everyday profits. Certain variables such as brand-new competitors growing up around the area, road building and construction, and also staff turn over can affect repeat clients and adversely affect future profits. One essential thing to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business often, the higher the possibility to build a returning client base. A last idea is the general area demographics. Is the business located in a densely populated city, or is it located on the edge of town? Just how might the local mean house income effect future income potential?