Listing ID: 73565
This bar has served this Northwest Columbus neighborhood for over 20 years. It holds both a D-5 (Beer, Wine, and Spirits) and a D-6 (Sunday sales) liquor license which is included in the purchase price for this business.
The bar has a large seating capacity of ninety-nine (99) with ample parking. It’s located in a strip center near a major intersection, with placement far enough back for easy access but still high visibility from the road. This bar is surrounded by a large number of businesses, apartments and homes.
The décor has the feel of a neighborhood bar the moment you walk in. Customers enjoy the twenty-three (23) 65 in. flat screen T.V’s, allowing them to watch multiple sporting events from any part of the bar. The establishment offers Keno, pull tabs, a pool table, a juke box, and an ATM. There is a small patio with seating for 10.
Sports fans love to drink, eat and enjoy their favorite games in the company of neighbors and friends. As the new owner, you will be able to conveniently serve your customers varying tastes from craft bear to old favorites with thirteen (13) Beer Taps and multiple beer coolers.
The Kitchen is equipped with a hood, a two (2) compartment pizza oven and a Rapid Fryer along with everything else a bar kitchen needs, freezer, prep table, 3 deep sink, etc.
Lease this 2250 sq. ft. neighborhood bar with a kitchen for $4250 a month
Seller will work with buyer for easy transition.
A new owner who is engaged in the community and brings their own personal touch and energy to the bar can shine new light on this this established neighborhood gem and rev it up to it’s full potential!!!
Potential partial Seller Financing to well qualified buyers !!!!
- Asking Price: $169,000
- Cash Flow: N/A
- Gross Revenue: $507,391
- EBITDA: N/A
- FF&E: N/A
- Inventory: $6,000
- Inventory Included: N/A
- Established: 2001
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,250
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Located in very busy strip center.
The owner will provide training to ensure a smooth transition to the new owner.
Other business interests.
The business was started in 2001, making the business 21 years old.
The sale won't include inventory valued at $6,000*, which ins't included in the asking price.
The building is leased by the business for $4,250 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell operating businesses. Nonetheless, the true factor vs the one they say to you might be 2 completely different things. As an example, they might say "I have too many other obligations" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might simply be justifications to attempt to hide the reality of transforming demographics, increased competitors, recent reduction in incomes, or an array of other factors. This is why it is really essential that you not rely totally on a seller's word, yet instead, make use of the seller's answer in conjunction with your overall due diligence. This will paint a more sensible picture of the business's current scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Many operating businesses borrow money with the purpose of covering items like supplies, payroll, accounts payable, etc. Remember that occasionally 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 various other loans. In addition to debts, there may additionally be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that should be satisfied or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location attract brand-new customers? Most times, operating businesses have repeat customers, which develop the core of their day-to-day earnings. Specific aspects such as new competition growing up around the area, road building, and personnel turnover can impact repeat customers and also adversely influence future earnings. One important point to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the better the possibility to develop a returning consumer base. A final thought is the basic area demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? Just how might the regional average family earnings effect future earnings prospects?