Business Overview

Turn key business in a well established area. a full-service American cuisine casual dining style restaurant. The Banks Alehouse is proud to have been serving the Fairbanks community since October 2014. Our comfort food menu features inventive Alaskan twist and outstanding service. As an Alehouse with 40 draft handles, we focus on fresh draft beer from around the state, and a few from the lower 48. The Banks Alehouse doesn’t stop with just awesome food and excellent service, we offer a sporty atmosphere in our bar area with a full back bar to be able to serve up your favorite cocktail or glass of wine.
Wonderful interior decor with booths, low tables & chairs, bar stools and tables, bar rail top seating and a patio for our beautiful summer days and night. Everything you could ask for all in one place Beautiful inside and out. Bar/lounge/restaurant with a huge kitchen, multiple TV’s for your favorite sports to view. Beer, wine and dispensary licenses included. Well maintained and has had upgrades as needed. Pride of ownership shows. Covered outdoor space to enjoy the summers here. Ample parking space.

Financial

  • Asking Price: $2,200,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:7,049
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people resolve to sell operating businesses. Nonetheless, the real factor vs the one they tell you might be 2 totally different things. As an example, they may claim "I have a lot of various obligations" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may simply be excuses to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in earnings, or a variety of other factors. This is why it is very vital that you not rely completely on a seller's word, yet rather, utilize the seller's response together with your overall due diligence. This will repaint a much more sensible image of the business's current situation.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of companies take out loans so as to cover points like stock, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that earnings margins are too tight. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that should be met or may cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location bring in new consumers? Many times, businesses have repeat consumers, which form the core of their everyday profits. Specific aspects such as brand-new competitors sprouting up around the area, roadway construction, and employee turn over can impact repeat consumers and adversely influence future profits. One vital point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the greater the chance to develop a returning customer base. A final idea is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? How might the regional median home income impact future earnings potential?