Listing ID: 74738
Extremely WELL DONE restaurant and bar located in a fantastic North Valley neighborhood. The very sharp design and contemporary décor are part of a TOTAL PACKAGE that makes this facility a memorable favorite for their loyal clientele. An imposing wrap-around MEGA bar, casual cocktail area with plenty of high-back booths, stained concrete floors, well-positioned community tables and a fully-equipped high-volume kitchen make the perfect combination of potential and community standing for an experienced operator to make their mark. Absolutely spectacular!
- Asking Price: $175,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Facilities Sq. Ft.: 2,800 Lot Sq. Ft.: Common Area Parking: Common Area Seating: Indoor 25 Bar / 70 Seating Total Monthly Rent: ~$6,000 Lease Expiration Date: 11/30/21
Other Business Interests
The company was established in 2015, making the business 7 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell operating businesses. Nonetheless, the real factor and the one they say to you may be 2 absolutely different things. As an example, they may say "I have too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. But, for some, these may just be justifications to try to conceal the reality of altering demographics, increased competitors, current decrease in incomes, or a range of other factors. This is why it is really vital that you not depend totally on a vendor's word, yet instead, make use of the seller's answer along with your general due diligence. This will repaint a more realistic image of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses take out loans in order to cover items such as stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can suggest that earnings margins are too tight. Numerous organisations fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that need to be fulfilled or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in new customers? Many times, businesses have repeat clients, which develop the core of their day-to-day profits. Certain factors such as brand-new competitors sprouting up around the location, roadway building, as well as personnel turn over can affect repeat clients and adversely affect future revenues. One essential point to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business regularly, the better the opportunity to develop a returning client base. A last thought is the general area demographics. Is the business placed in a densely populated city, or is it located on the edge of town? How might the regional mean house income effect future revenue potential?