Business Overview

A well-established family friendly sports bar restaurant located in a
suburban Toledo Area Center. This business has produced consistent annual revenues of $1.1+M due to its loyal customer following and is closely situated to a growing residential population. Known for top quality menu featuring pizza, sandwiches, salads, soups, appetizers and great atmosphere. Fully stocked bar, plenty of flat screens and new outside patio area. This business has a full-time General Manager and Assistant Manager currently in place.

Financial

  • Asking Price: $600,000
  • Cash Flow: $200,000
  • Gross Revenue: $1,000,000
  • EBITDA: $200,000
  • FF&E: $100,000
  • Inventory: $15,000
  • Inventory Included: N/A
  • Established: 2009

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,000
  • Lot Size:N/A
  • Total Number of Employees:19
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Great location - end of a major big box plaza with a patio on a major highway with tremendous traffic. Beautiful and friendly decorum. New equipment.

Is Support & Training Included:

Well trained staff in place with a Manager and an Asst. Manager. Owners will transition and train.

Purpose For Selling:

Health/Retirement

Pros and Cons:

Nicest family friendly sports bar/ restaurant close to numerous nearby neighborhoods and upscale apartment complexes.

Opportunities and Growth:

Customer base is very loyal - supported it during COVID19 and returned immediately.

Additional Info

The venture was founded in 2009, making the business 13 years old.
The deal won't include inventory valued at $15,000*, which ins't included in the listing price.

The company has 19 employees and is located in a building with approx. square footage of 3,000 sq ft.
The property is leased by the business for $3,762 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people decide to sell companies. Nonetheless, the real reason vs the one they say to you may be 2 absolutely different things. For instance, they may claim "I have too many other commitments" or "I am retiring". For many sellers, these reasons stand. But, for some, these may simply be justifications to try to hide the reality of changing demographics, increased competitors, current decrease in earnings, or a variety of other factors. This is why it is very crucial that you not count totally on a vendor's word, however instead, utilize the vendor's answer together with your overall due diligence. This will paint an extra realistic picture of the business's existing situation.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses finance loans in order to cover items like inventory, payroll, accounts payable, etc. Remember that occasionally this can imply that profit margins are too thin. Lots of organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise 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 suppliers that need to be met or may result in charges 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, businesses have repeat clients, which create the core of their day-to-day earnings. Certain elements such as new competition sprouting up around the area, road building and construction, and also staff turn over can impact repeat consumers and negatively impact future earnings. One essential point to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the better the possibility to construct a returning client base. A last idea is the basic location demographics. Is the business located in a largely populated city, or is it situated on the edge of town? How might the regional average house income influence future earnings prospects?