Business Overview

Long established liquor bar popular with locals, motorcyclists, and snow-birds alike. Stand-Alone building on a large property with huge parking areas for cars, pickups, and motorcycles. Outdoor bar with extensive seating and stage for concerts. Sales growing monthly. Increasingly valuable Clay 4COP quota license included. Seller works limited hours in an over-sight role, financials reflect the mostly absentee ownership with no adjustments for a new owner to actively work the bar. Located on a major highway with significant new residential and commercial development in the area which can only lead to more future growth. The seller owns the property and will lease it to a new owner. Seller will waive the lease payments for the first three months with a five year lease to get the new owner off to a strong start! The seller will consider up to $200,000 in seller financing for a qualified buyer. This is a great opportunity, NDA and Buyer Profile required for details. Don’t pass this up! Please refer to listing number 7101-795822 and advisor John Serb when inquiring on this listing.

Financial

  • Asking Price: $645,000
  • Cash Flow: $187,070
  • Gross Revenue: $552,000
  • EBITDA: N/A
  • FF&E: $25,000
  • Inventory: $40,000
  • Inventory Included: Yes
  • Established: 2001

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:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Lease/Month: 5160 Square Footage: 3000 Building Type: Stand-Alone Terms & Options: Y Expiration Date: 12/31/2021

Is Support & Training Included:

Seller will train for 2 weeks at no cost.

Purpose For Selling:

Retriement

Additional Info

The venture was established in 2001, making the business 21 years old.
The deal does include inventory valued at $40,000, which is included in the listing price.

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell companies. Nevertheless, the real reason and the one they say to you may be 2 totally different things. For instance, they may state "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may just be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in incomes, or an array of various other reasons. This is why it is extremely vital that you not count totally on a vendor's word, but rather, use the vendor's response along with your overall due diligence. This will paint a more sensible picture of the business's existing situation.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of companies finance loans so as to cover items like supplies, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can imply that earnings margins are too small. Many businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that have to be fulfilled or might result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location attract brand-new clients? Most times, operating businesses have repeat consumers, which form the core of their daily earnings. Certain elements such as new competitors growing up around the location, road construction, and also employee turn over can impact repeat customers as well as adversely affect future incomes. One important thing to consider is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the better the possibility to construct a returning consumer base. A last idea is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the outside border of town? Exactly how might the regional average household earnings impact future revenue potential?