Listing ID: 74884
Restaurant w/ Bar #12, Recreational Park (RV), Gas Station w/ Convenience Store w/#6 License, located on large (approx) 4 Acre parcel in beautiful Northern Arizona. Real Estate, Buildings, Land, #12 and #6 Liquor Licenses are all included in the sale. The Land, the Businesses, and all buildings are very well kept. Large Restaurant and facilities are well known for the great Food, Service, and Cleanliness. The Recreational Vehicle Sites have full Hook Ups (Water, Sewer, and Electric), and are booked for months in advance. Gas Station sells name brand fuels with upgraded pumps and readers, along with the 2,000 Sq. Ft. Convenience Store also sells Propane Gas.
Gross sales and the Sellers Net Profit information is shown from the last twelve month time period, and show continual steady growth in sales. Seller is showing Net Sales in excess of $490k for 2021, and tracking higher for 2022..
Additional adjoining Acreage is available.
Financing Con/ Back ups.
- Asking Price: $2,499,000
- Cash Flow: $496,000
- Gross Revenue: $4,443,000
- EBITDA: N/A
- FF&E: $850,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2015
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:26
- Furniture, Fixtures and Equipment:N/A
Apprx 4 acres of Land. Restaurant and Bar approx:5,500 sq. ft. Convenience Store approx 2,000 sq. ft. with Gas Service Station. Approx 40 RV Sites with Full Utilities Additional Acreage available.
30-60 Days as needed.
Retirement from this business.
Yes, the Seller will explain.
The venture was established in 2015, making the business 7 years old.
The sale will include inventory valued at $5,000, which is included in the asking price.
The business has 26 employees and resides in a building with estimated square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell businesses. Nevertheless, the true reason vs the one they tell you may be 2 completely different things. For instance, they might claim "I have way too many various commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may just be excuses to try to hide the reality of changing demographics, increased competitors, recent decrease in earnings, or an array of other reasons. This is why it is extremely essential that you not rely absolutely on a seller's word, yet rather, use the vendor's response combined with your general due diligence. This will paint an extra realistic image of the business's present situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of companies finance loans so as to cover items such as stock, payroll, accounts payable, and so on. Remember that occasionally this can suggest that revenue margins are too tight. Numerous 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 obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that need to be fulfilled or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in brand-new consumers? Many times, businesses have repeat consumers, which develop the core of their daily revenues. Particular factors such as new competition growing up around the area, road building, and personnel turnover can affect repeat customers and adversely affect future profits. One essential thing to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business regularly, the better the chance to develop a returning customer base. A last idea is the general location demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? Just how might the local average home earnings impact future revenue potential?