Listing ID: 73442
This Neighborhood bar is located on a corner of Sawmill Rd in a popular Shopping Center. The owner has moved out of town and is looking to sell.
Pub has been in this location since 2000 with great success.
This is truly a neighborhood bar with a large bar, patio, pool tables for leagues, and it has NO kitchen. There is a pizza shop next door that provides food for this bar. No kitchen makes a bar easy to run as this cuts down staff and complaints.
This location has lotto, vending, and pull tabs to supplement its income
The bar is 3700 sq ft with lease at $4500 month with plenty of time left on lease
- Asking Price: $169,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2000
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,700
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
3700 sq ft with large bar, pool tables, and patio
Owner will provide needed training
Owner moved out of town
Well Known neighborhood bar
The venture was established in 2000, making the business 22 years old.
The property is leased by the company for $4,500 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell businesses. However, the genuine reason and the one they say to you may be 2 entirely different things. For instance, they may state "I have too many various commitments" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may simply be reasons to try to conceal the reality of transforming demographics, increased competition, recent decrease in earnings, or a range of various other factors. This is why it is very vital that you not depend completely on a seller's word, however instead, use the seller's response in conjunction with your overall due diligence. This will repaint a much more realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Many businesses borrow money in order to cover points such as stock, payroll, accounts payable, so on and so forth. Remember that in some cases this can mean that earnings margins are too thin. Lots of companies fall into 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 take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that must be fulfilled or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in brand-new customers? Often times, companies have repeat customers, which create the core of their everyday revenues. Particular elements such as new competition growing up around the location, road construction, and also staff turnover can affect repeat clients and adversely affect future incomes. One vital point to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business on a regular basis, the higher the chance to develop a returning customer base. A last thought is the general location demographics. Is the business located in a densely populated city, or is it located on the edge of town? Exactly how might the regional typical home income effect future revenue potential?