Listing ID: 75107
This popular bar and restaurant has a solid track record for decades, and is known throughout the tri-state.The building is 9,500 SF +/- and features a kitchen, large bar indoor and outdoor, stage, dance floor, bathrooms and plenty of seating for customers. The bar features nightly entertainment including gaming, live music, karaoke, dancing, pool tables, and more.The area is well known for its tourists that bring in larger crowds every year.Strategically located in the heart of its town where all the action takes place. This location has been and will continue to be an anchor establishment and location in Mohave county. This transaction includes liquor license, business and real property. Any prospective buyer will need to qualify for liquor license transfer.Signed Non Disclosure Agreement & Proof of Funds required.
- Asking Price: $4,750,000
- Cash Flow: N/A
- Gross Revenue: $2,446,816
- EBITDA: $507,716
- FF&E: $200,000
- Inventory: $77,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:9,500
- Lot Size:N/A
- Total Number of Employees:30
- Furniture, Fixtures and Equipment:N/A
This is a owned location of 9500 square feet. Seller is active in the business with 20 FT employees, 30PT employees. Hours of operation are6AM-2AM . $2077,000 in Inventory and $200,000 in FF&E included in Asking Price.
The transaction shall include inventory valued at $77,000, which is included in the listing price.
The company has 30 employees and is located in a building with estimated square footage of 9,500 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell operating businesses. Nonetheless, the real factor vs the one they tell you might be 2 entirely different things. For instance, they might state "I have a lot of various commitments" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these may simply be excuses to try to hide the reality of altering demographics, increased competitors, current reduction in incomes, or a variety of other factors. This is why it is very crucial that you not count entirely on a vendor's word, but instead, use the seller's solution in conjunction with your overall due diligence. This will repaint a much more sensible image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies take out loans so as to cover things like supplies, payroll, accounts payable, and so on. Remember that sometimes this can imply that earnings margins are too tight. Numerous organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that should be met or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract new clients? Many times, operating businesses have repeat clients, which form the core of their day-to-day profits. Certain aspects such as brand-new competition growing up around the location, roadway building, and employee turnover can influence repeat consumers as well as negatively affect future incomes. One crucial thing to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business regularly, the better the possibility to develop a returning customer base. A last thought is the general area demographics. Is the business placed in a densely inhabited city, or is it situated on the outside border of town? Exactly how might the local mean home earnings influence future revenue prospects?