Listing ID: 74874
Nice #12 Sports Bar and Grill type Restaurant. Good Food, Lower Rent with Premium street exposure.Approx 1,500 Sq. ft. Grocery Store Anchored busy Center.
Seller shows Gross sales at approx $300k yearly, 5 days a week. Now recently opened 7 days a week as sales increase. Serves varieties of mixed Drinks, Craft Beers, Drafts. BBQ Smoker, Full Kitchen, Walk In Cooler.
- Asking Price: $78,000
- Cash Flow: $50,000
- Gross Revenue: $300,000
- EBITDA: N/A
- FF&E: $35,000
- Inventory: $1,200
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
Leases approc 1,500 sq. ft. good street exposure. 4 year lease with option. Total monthly rent approx 3,500, includes CAM Water, and Trash.
Two weeks or as needed.
Yes, the Seller will explain.
The business was founded in 2016, making the business 6 years old.
The sale doesn't include inventory valued at $1,200*, which ins't included in the suggested price.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell operating businesses. However, the true reason and the one they say to you might be 2 entirely different things. As an example, they might claim "I have too many various obligations" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may just be reasons to try to hide the reality of changing demographics, increased competition, recent decrease in earnings, or a variety of various other factors. This is why it is really crucial that you not depend absolutely on a seller's word, yet rather, make use of the seller's answer together with your total due diligence. This will paint an extra realistic picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses borrow money in order to cover things like inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can suggest that revenue margins are too tight. Many businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that must be satisfied or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in new clients? Many times, companies have repeat customers, which develop the core of their everyday revenues. Certain variables such as new competitors sprouting up around the area, road building and construction, as well as staff turnover can influence repeat consumers and negatively impact future profits. One crucial thing to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business regularly, the greater the chance to construct a returning client base. A final thought is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? Just how might the regional average home earnings effect future revenue prospects?