Listing ID: 76717
One of Steamboat Springs’ long-time favorites. Great food. Award Winning Beer. Comfortable bar and dining room. Well maintained facilities. Solid local and online reputation. Kitchen and dining room can support 2X current sales. Brewing capacity is more than 5X current output allowing for distribution if new owner wanted to pursue that. Seller expects revenue to grow to ~1.8M for 2022. If staffed to open 7 days, this business has a track record of producing 2.6M.
This is a bargain for a new owner willing to step up and apply some elbow grease. Outfitting just the brewing side from scratch would cost more than the asking price for this opportunity. Located in downtown Steamboat Springs with excellent visibility and access. Significant recent investments in equipment. This is an opportunity for a restaurant pro to take the reigns and bring this business to the next level.
This business has an excellent facility, strong reputation, existing cash flow from loyal customers and key staff in place. It needs to ramp back up to 7 day per week operation to realize historical revenue levels. Potential purchasers should note that the asking price does NOT include inventory. Price is based on value of FF&E in place and systems up and running and not on earnings. Seller is motivated for change!
Please Note: Potential buyers will be asked to complete buyer registration, sign a non-disclosure, interview with broker and provide evidence of the resources to complete a transaction of this size before additional confidential information will be provided.
- Asking Price: $320,000
- Cash Flow: N/A
- Gross Revenue: $1,500,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $30,000
- Inventory Included: N/A
- Established: 2002
- 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
Leased. Lease assignment to buyer or new lease to be accepted by Land Lord as part of purchase conditions.
Seller will provide effective training and knowledge transfer to the Buyer in all matters relating to Company operations.
The business was established in 2002, making the business 20 years old.
The deal won't include inventory valued at $30,000*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell businesses. Nevertheless, the genuine factor vs the one they say to you might be 2 totally different things. For instance, they may state "I have way too many various obligations" or "I am retiring". For many sellers, these factors stand. However, for some, these might simply be justifications to attempt to conceal the reality of changing demographics, increased competition, current decrease in earnings, or an array of various other factors. This is why it is extremely vital that you not rely entirely on a vendor's word, however rather, make use of the vendor's answer combined with your total due diligence. This will repaint a more sensible picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies take out loans with the purpose of covering things like inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can imply that revenue margins are too thin. Lots of businesses come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that have to be fulfilled or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area draw in brand-new clients? Most times, businesses have repeat consumers, which form the core of their daily earnings. Certain variables such as brand-new competitors sprouting up around the area, roadway building and construction, as well as employee turnover can impact repeat consumers and negatively affect future revenues. One important point to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business regularly, the greater the opportunity to construct a returning customer base. A final thought is the basic area demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? How might the neighborhood typical household earnings impact future earnings potential?