Business Overview

Excellent opportunity for an owner/operator bartender to secure a leasehold in a historic building in the heart of the Eugene hotel district. This purchase includes $30,000 in inventory and over $250,000 in custom-made, fully installed FF&E. This business currently operates as a tap house with food that could expand hours to include lunch & as a late-night hang out with live music. Key efficiency upgrades and operational management changes resulted in peak financial performance despite COVID 19 mandated closures, new investment in FF&E to safeguard patrons, and heavy local competition for the same tourist or resident dollar. The full staff allows semi-absentee owners. EG10649

Financial

  • Asking Price: $119,000
  • Cash Flow: $63,121
  • Gross Revenue: $700,342
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $30,000
  • Inventory Included: Yes
  • Established: 2014

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,242
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

NNN $1,821, Hours Monday thru Thursday from 3 pm to 10 pm, Friday and Saturday from 11:30 am to 11 pm, Sunday from 11:30 am to 9 pm

Is Support & Training Included:

5 weeks, 10 hours per week

Purpose For Selling:

Retirement

Additional Info

The business was started in 2014, making the business 8 years old.
The sale will include inventory valued at $30,000, which is included in the suggested price.

The company has 5 FT/6 PT employees and resides in a building with estimated square footage of 2,242 sq ft.
The building is leased by the company for $3,497 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people resolve to sell companies. However, the real factor and the one they say to you might be 2 entirely different things. For instance, they may claim "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may just be reasons to try to hide the reality of altering demographics, increased competitors, current decrease in profits, or a range of various other reasons. This is why it is really important that you not count completely on a vendor's word, yet rather, utilize the seller's solution together with your general due diligence. This will paint a more practical image of the business's existing scenario.

Existing Debts and Future Obligations

If the current business is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies borrow money in order to cover items such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can indicate that profit margins are too small. Many organisations come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally 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 agreements with vendors that have to be satisfied or may lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location draw in new clients? Most times, companies have repeat clients, which create the core of their everyday profits. Particular aspects such as new competition growing up around the area, roadway construction, and personnel turnover can affect repeat clients and adversely influence future earnings. One vital point to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business often, the better the possibility to build a returning customer base. A final thought is the general area demographics. Is the business located in a largely populated city, or is it located on the outside border of town? Exactly how might the neighborhood median household earnings influence future revenue potential?