Business Overview

Sports Bar in Brooksville FL – The go to spot in the area. Prime location and easy to find. Plenty of seating available (125 inside and 25 outside) with two full bars and a full kitchen. Menu has something for every one. The place to party while you enjoy your favorite game.

4COP License Included!

Financial

  • Asking Price: $700,000
  • Cash Flow: $350,000
  • Gross Revenue: $1,300,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $10,000
  • Inventory Included: Yes
  • Established: 2014

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,700
  • Lot Size:N/A
  • Total Number of Employees:11
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

Ready for something new

Additional Info

The venture was established in 2014, making the business 8 years old.
The sale does include inventory valued at $10,000, which is included in the requested price.

The company has 11 employees and is located in a building with approx. square footage of 3,700 sq ft.
The property is leased by the business for $3,100 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people resolve to sell companies. Nonetheless, the genuine reason and the one they tell you might be 2 completely different things. For instance, they may say "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might just be reasons to try to conceal the reality of altering demographics, increased competitors, recent decrease in profits, or a range of other reasons. This is why it is really crucial that you not rely entirely on a vendor's word, but rather, make use of the seller's response combined with your overall due diligence. This will paint an extra sensible picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses borrow money with the purpose of covering points such as inventory, payroll, accounts payable, etc. Remember that sometimes this can imply that revenue margins are too thin. Lots of companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that need to be met or may result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area bring in brand-new customers? Most times, companies have repeat consumers, which create the core of their daily earnings. Certain variables such as brand-new competition growing up around the area, road construction, and also personnel turnover can affect repeat customers and adversely affect future profits. One vital 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? Obviously, the more people that see the business often, the better the chance to construct a returning consumer base. A final idea is the basic area demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? How might the local mean household income effect future revenue prospects?