Listing ID: 78950
This regionally recognized gathering spot has been a favorite for locals & tourists alike since 2008. Located on Scenic Lake Sunapee Bubba’s Bar and Grill has a “must stop” destination for a relaxing & memorable dining experience. Offering an extensive menu of surf + turf, Sandwiches, Pizza, Drinks, Ice Cream etc., consistent quality and service has become synonymous with the name.
This Fully Equipped Kitchen has a tastefully fit-up dining room, inviting bar & lounge area with seating for 122. Highly visible location with plenty of parking and seasonal outdoor patio seating for 25.
Strong investment opportunity for new ownership to capitalize of the goodwill created in the community continue this wildly successful. Strong Post-Covid Annual sales of $2,000,000
Prime Location on Lake Sunapee (2) Yrs left on Current Lease with (2) 5 yr option available $25 Sq. Ft. Total Occupancy Rate Approx. 5.5%
Business, FF&E and Goodwill Offered @ $699,000
- Asking Price: $699,000
- Cash Flow: $250,000
- Gross Revenue: $2,000,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,000
- Lot Size:N/A
- Total Number of Employees:35
- Furniture, Fixtures and Equipment:N/A
Fully Equipped Kitchen & tastefully fit-up dining room. Seating capacity of 122 Indoors with an additional 25 Seats for seasonal outdoor dining.
Sellers will Assist new owners during initial 2 week transition period.
Owner Retiring after many successful Decades in Business
Catering, Rewards Programs, Delivery Information from sources deemed reliable. No representation from RE/MAX as to accuracy of Data.
The venture was started in 2008, making the business 14 years old.
The business has 35 employees and is located in a building with estimated square footage of 4,000 sq ft.
The property is leased by the company for $8,533.33 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell companies. Nevertheless, the real reason and the one they tell you may be 2 entirely different things. For instance, they may say "I have a lot of other commitments" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may simply be reasons to attempt to conceal the reality of altering demographics, increased competition, recent decrease in profits, or an array of other factors. This is why it is extremely vital that you not count completely on a seller's word, however instead, make use of the vendor's solution combined with your general due diligence. This will paint a more reasonable image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies take out loans in order to cover things like inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can indicate that earnings margins are too tight. 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 likewise be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that should be met or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in new consumers? Often times, businesses have repeat consumers, which create the core of their everyday earnings. Specific variables such as brand-new competition sprouting up around the area, road construction, as well as staff turnover can affect repeat customers and adversely affect future profits. One essential point to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business often, the higher the possibility to build a returning consumer base. A last thought is the general location demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? How might the regional typical home earnings influence future earnings prospects?