Listing ID: 74911
RECENTLY LEASED. High traffic Tempe Center Sports Bar, Nice inside seating with Bar area, Outside Patio, End Cap, Fully Equipped kitchen, turn key. Use: Sports Bar, Pizza, Burgers. # 12 Licensed, will need to be renewed. Shows well. Space is approx 2,400 sq. ft. 5 year lease with option available. Landlord will offer reasonable concessions through this time. Monthly rent is approx $4,270 total. Qualified Restaurant operators please. Total price is one months rent and the Landlord will require a security deposit.
- Asking Price: $8,700
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $75,000
- Inventory: N/A
- Inventory Included: Yes
- Established: 2006
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Leases approx 2426 sq. ft. Total monthly rent approx $4270.00. Ample parking end cap location.
The venture was founded in 2006, making the business 16 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell companies. Nonetheless, the real reason vs the one they say to you might be 2 absolutely different things. As an example, they might claim "I have way too many various obligations" or "I am retiring". For many sellers, these factors stand. But also, for some, these might simply be justifications to try to hide the reality of transforming demographics, increased competition, recent reduction in earnings, or a range of other factors. This is why it is extremely vital that you not depend completely on a seller's word, yet instead, utilize the seller's answer along with your total due diligence. This will repaint a much more practical picture of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Lots of businesses take out loans with the purpose of covering points such as stock, payroll, accounts payable, and so on. Remember that sometimes this can imply that profit margins are too small. Numerous companies 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 commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that need to be satisfied or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract brand-new clients? Many times, operating businesses have repeat customers, which create the core of their everyday profits. Specific factors such as brand-new competitors growing up around the location, roadway building, and employee turn over can impact repeat customers as well as adversely impact future profits. One important point to consider is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business regularly, the higher the possibility to develop a returning customer base. A last idea is the basic location demographics. Is the business located in a largely inhabited city, or is it located on the outskirts of town? How might the local median family income impact future income potential?