Listing ID: 75984
*** Confidential listing, not in the indicated city***
This popular Irish Pub is located directly on a very busy main street, giving it great visibility and a lot of traffic.
The delightful menu includes traditional Irish favorites like Shepard’s Pie, Bangers & Mash, Fish & Chips, Celtic Burgers, Corned Beef & Cabbage and Shamrock Wings as well as American fare like burgers, steak and a variety of sandwiches.
The bar features 10 taps and a huge assortment of beer, wine and liquor.
The pub seats 62 patrons at tables and an additional 20 at the bar and 24 seasonal seats outside. There are 7 additional tables that will be reinstalled when COVID restrictions ease.
The modern, well-equipped kitchen features an Imperial 4-burner stove, grill, deep fryer, ice machine and large oven. There is ample food storage, a large refrigerator and a large walk-in cooler.
- Asking Price: $500,000
- Cash Flow: $158,577
- Gross Revenue: $1,010,000
- EBITDA: N/A
- FF&E: $440,000
- Inventory: $20,000
- Inventory Included: Yes
- Established: 2006
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Seller will assist in transition
The business was established in 2006, making the business 16 years old.
The sale shall include inventory valued at $20,000, which is included in the asking price.
The business has 2 ft. 22 pt. employees and is situated in a building with approx. square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell operating businesses. Nonetheless, the true factor and the one they say to you might be 2 completely different things. For instance, they may say "I have too many other responsibilities" or "I am retiring". For many sellers, these factors stand. However, for some, these may simply be justifications to try to hide the reality of altering demographics, increased competitors, recent reduction in earnings, or a range of various other reasons. This is why it is really essential that you not depend entirely on a seller's word, yet rather, utilize the seller's answer along with your total due diligence. This will repaint a much more reasonable picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Many companies finance loans with the purpose of covering things like inventory, payroll, accounts payable, and so on. Remember that sometimes this can indicate that profit margins are too thin. Numerous organisations fall under a revolving door of taking on debt 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 equipment or the structure where the business resides. The business may have existing contracts with vendors that must be fulfilled or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area attract brand-new consumers? Many times, companies have repeat consumers, which create the core of their day-to-day revenues. Certain aspects such as brand-new competitors growing up around the area, roadway building, as well as employee turn over can influence repeat customers and negatively affect future earnings. One crucial point to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business on a regular basis, the higher the possibility to develop a returning client base. A last idea is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? Just how might the local median home earnings impact future revenue prospects?