Listing ID: 76732
Here is the opportunity to own a one of kind business establishment with that personal repeat customer atmosphere! You are only a stranger here once. The business consists of a Bar/Restaurant, and RV Park. It is in the beautiful setting of the Apishapa Valley. People will drive for miles just to come here to eat, dance, and have a relaxing beverage. Covered outdoor eating area. There are 7 RV spaces plus three 2 room apartment units. The apartment units can be included in the sale of the property or current agreement can be continued with the owner of the units.
- Asking Price: $389,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
7 RV spaces plus three 2 room apartment units. The apartment units can be included in the sale of the property or current agreement can be continued with the owner of the units.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell operating businesses. However, the real factor and the one they tell you might be 2 totally different things. For instance, they may claim "I have too many other responsibilities" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may just be reasons to attempt to hide the reality of transforming demographics, increased competition, current decrease in earnings, or a range of other factors. This is why it is extremely important that you not rely entirely on a vendor's word, yet rather, utilize the vendor's response together with your overall due diligence. This will paint a much more reasonable image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses take out loans with the purpose of covering points like supplies, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that earnings margins are too tight. Lots of businesses fall into 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 contracts with suppliers that should be fulfilled or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location bring in brand-new clients? Most times, companies have repeat customers, which create the core of their daily earnings. Specific factors such as new competitors growing up around the area, road construction, as well as personnel turn over can impact repeat consumers and also negatively affect future incomes. One crucial thing to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business often, the better the opportunity to construct a returning consumer base. A final idea is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? Exactly how might the neighborhood typical household earnings effect future income potential?