Listing ID: 73451
Great local hangout for sports lovers and entertainment enthusiasts. This sports bar operation offers a sizable space with tons of TVs for the sports fan, a lengthy pub menu, and a great beverage selection. Location has been around for 12 years and provides a fun and festive atmosphere where everyone knows your name. Pool Tables, Dart Boards, Keno, Pull-tabs, and DJ / live music makes this the place for you. Large bar area and a beautiful patio for a great outdoor experience.
- Asking Price: $375,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,015
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
Large end cap sports bar and restaurant operation located in Delaware County. Business has been a staple in the immediate area for over 11 years. Dining room/ Bar has a capacity for over 150 people. Business has a full service kitchen with hood and Ansul System. There is a large walk-in cooler. Centrally located bar creates a ton of energy to the operation at all times. Business has a stage for DJ or live music. There are 3 pool tables and a couple of dart boards to provide additional entertainment. Business comes with a D1,D2,D3,D3a,D6 liquor permit.
Owner will provide some on-site training for a new / owner operator taking over current business and business model.
Owner is retiring.
Very few Sports Bars that are similar to this operation in the surrounding market.
New housing and retail developments coming to the surrounding area.
The company was established in 2008, making the business 14 years old.
The business has 12 employees and is located in a building with approx. square footage of 4,015 sq ft.
The property is leased by the business for $5,772.17 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell businesses. However, the real reason and the one they say to you may be 2 absolutely different things. As an example, they may claim "I have a lot of various commitments" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these may just be reasons to try to hide the reality of altering demographics, increased competitors, recent reduction in profits, or an array of other factors. This is why it is extremely important that you not depend entirely on a vendor's word, however rather, use the seller's response together with your general due diligence. This will repaint a more realistic picture of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses borrow money with the purpose of covering points such as supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can indicate that profit margins are too small. Many organisations fall 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 think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that should be fulfilled or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area bring in brand-new clients? Many times, operating businesses have repeat customers, which create the core of their day-to-day earnings. Certain elements such as new competition growing up around the area, road building and construction, and also staff turn over can affect repeat clients and adversely impact future revenues. One crucial thing to consider is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business often, the higher the opportunity to develop a returning client base. A last thought is the general location demographics. Is the business located in a densely populated city, or is it situated on the edge of town? Exactly how might the neighborhood mean home earnings impact future earnings prospects?