Business Overview

Great opportunity to own a profitable Bar & Grill with great food and active full-service bar. Owner has completely renovated the business with all new equipment in the kitchen, dining area, horseshoe shaped bar, new tables, chairs, televisions, pool tables, darts in 5000 square feet and outside dining tables, stools. Since the renovation, the business is doing an additional $50,000 a month. Please refer to listing 7101-926878 and advisor Raymond Dallman when inquiring on this listing.

Financial

  • Asking Price: $1,400,000
  • Cash Flow: $420,840
  • Gross Revenue: $1,812,000
  • EBITDA: N/A
  • FF&E: $200,000
  • Inventory: $10,000
  • Inventory Included: Yes
  • Established: 2011

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Lease/Month: 4500 Square Footage: 5000 Building Type: self standing Terms & Options: 20 yr lease Expiration Date: 2/1/2039

Is Support & Training Included:

Seller will train for 4 weeks at no cost

Purpose For Selling:

Retirement

Additional Info

The company was established in 2011, making the business 11 years old.
The deal does include inventory valued at $10,000, which is included in the requested price.

Why is the Current Owner Selling The Business?

There are all types of reasons why people choose to sell businesses. However, the genuine reason and the one they say to you might be 2 completely different things. For instance, they might say "I have way too many various responsibilities" or "I am retiring". For many sellers, these factors stand. However, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competition, recent reduction in incomes, or an array of various other reasons. This is why it is extremely important that you not rely absolutely on a vendor's word, but rather, make use of the seller's answer combined with your total due diligence. This will repaint a much more practical image of the business's existing scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses borrow money so as to cover points such as inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can imply that revenue margins are too small. Many companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that need to be met or might cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area bring in brand-new clients? Often times, operating businesses have repeat consumers, which form the core of their daily revenues. Specific factors such as new competitors sprouting up around the area, road building, as well as personnel turn over can influence repeat customers and also negatively impact future profits. One crucial point to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business regularly, the higher the chance to construct a returning client base. A final idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the local median home income impact future revenue potential?