Listing ID: 76161
This Colorado Springs based brewpub and pizza restaurant produces Craft Beers in-house and specialty pizzas that are then sold in the company’s restaurant.
Started over 5 years ago, the business has a very high percentage of repeat clientele.
- Asking Price: $250,000
- Cash Flow: $45,000
- Gross Revenue: $361,000
- EBITDA: N/A
- FF&E: $122,500
- Inventory: $24,000
- Inventory Included: Yes
- 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:7
- Furniture, Fixtures and Equipment:N/A
Negotiable as required by Purchaser.
One partner needs to relocate to assist aging parent.
The business would be ideal for someone who is either new to or experienced in the Brewpub/Restaurant industry. As one of the co founders will be continuing in the business, the time to learn the business will greatly be reduced. There are opportunities for expansion with the business, ranging from opening new restaurant locations to distribution and sale of custom beers and kegs to other bars/restaurants. Retail sales can also be increased by setting up channels with distributors.
The business was established in 2016, making the business 6 years old.
The deal will include inventory valued at $24,000, which is included in the listing price.
The company has 7 employees and is situated in a building with approx. square footage of N/A sq ft.
The real estate is leased by the company for $3,600 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell businesses. However, the real factor and the one they say to you may be 2 totally different things. For instance, they might say "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might simply be reasons to attempt to conceal the reality of changing demographics, increased competition, recent decrease in earnings, or a variety of various other factors. This is why it is really important that you not count absolutely on a seller's word, however rather, use the vendor's response in conjunction with your total due diligence. This will repaint a much more sensible picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Many companies take out loans so as to cover items such as stock, payroll, accounts payable, and so on. Remember that occasionally this can suggest that profit margins are too thin. Numerous companies come under 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 think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that should be met or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in brand-new clients? Most times, companies have repeat customers, which create the core of their daily revenues. Specific aspects such as brand-new competition sprouting up around the location, roadway construction, and personnel turn over can impact repeat clients and also adversely impact future profits. One important thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business often, the greater the possibility to construct a returning consumer base. A final thought is the general location demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? How might the regional typical household income impact future revenue prospects?