Listing ID: 74740
Oh what a lifestyle… if you love the beautiful outdoors this restaurant is heaven! Located on stunning Roosevelt Lake this 5,000 SF restaurant and large patio can be a dream come true. As the centerpiece attraction of this lake resort that includes 27 hotel rooms, 6 cabins and 86 mobile home/RV pads, the restaurant is the hub of activity and needs a skilled operator that can provide quality food and a great experience for the guests while enjoying everything that living at this spectacular location on the lake has to offer. Includes a Gila County Series 6 Liquor License which enables an operator to sell sealed alcohol to go with no food requirements. $50,000. #3132
- Asking Price: $50,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1970
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:5,000
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Facilities Sq. Ft.: 5,000 +/- Lot Sq. Ft.: Common Area Parking: Common Area Seating: 125 Indoor/ 200 Patio Total Monthly Rent: $3,000 +/- Lease Expiration Date: New Five Year Lease Lease Deposit: $3,000 Renewal Options: Negotiable
other business interests
The company was started in 1970, making the business 52 years old.
The company has 6 employees and is located in a building with approx. square footage of 5,000 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell companies. However, the true reason and the one they say to you may be 2 completely different things. As an example, they may state "I have a lot of other commitments" or "I am retiring". For many sellers, these factors stand. But, for some, these may simply be reasons to attempt to hide the reality of transforming demographics, increased competition, recent decrease in incomes, or a variety of various other factors. This is why it is really important that you not count totally on a seller's word, however rather, utilize the seller's solution combined with your overall due diligence. This will repaint a much more realistic picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Many businesses finance loans in order to cover points like supplies, payroll, accounts payable, etc. Keep in mind that occasionally this can suggest that revenue margins are too thin. Lots of organisations come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that must be met or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area bring in brand-new consumers? Many times, businesses have repeat consumers, which form the core of their everyday earnings. Particular aspects such as new competitors sprouting up around the location, road building and construction, and also employee turn over can affect repeat clients as well as negatively influence future profits. One essential point to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business on a regular basis, the greater the possibility to construct a returning customer base. A final idea is the basic area demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? Exactly how might the regional mean house earnings effect future income prospects?