Listing ID: 74144
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 décor 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.
- 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
- 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 types of reasons people choose to sell operating businesses. However, the real reason and the one they say to you might be 2 entirely different things. For instance, they might state "I have too many various responsibilities" or "I am retiring". For many sellers, these factors stand. But, for some, these might simply be excuses to try to hide the reality of altering demographics, increased competition, recent reduction in profits, or an array of various other factors. This is why it is very crucial that you not count entirely on a seller's word, however rather, use the vendor's response in conjunction with your overall due diligence. This will paint an extra practical image of the business's current scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Many companies finance loans so as to cover points such as stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that earnings margins are too tight. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that must be met or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area bring in brand-new consumers? Most times, operating businesses have repeat consumers, which develop the core of their day-to-day revenues. Specific variables such as brand-new competitors growing up around the area, road construction, as well as personnel turn over can affect repeat consumers as well as negatively influence future profits. One crucial thing to consider is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business regularly, the greater the possibility to construct a returning customer base. A last idea is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? Exactly how might the regional mean family income influence future revenue potential?