Business Overview

Neighborhood tavern located in Atlanta for sale, have been in business for over 8 years under the same ownership (absentee). 2,300 square feet space with a lot of character, nice patio and plenty of parking.

This gem of a neighborhood pub boasts a big bar and comfortable dining room— patrons just love it. A small kitchen with a very creative menu that can be further enhanced with your ideas. Yearly sales of 630k +/- have been consistent for many years with major expansion potential if the new owners add a good audio-visual package for sporting events, open for lunch and late night.

FACILITY: Classic Neighborhood Tavern
PARKING: Plenty of parking
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: Landlord will sign a new lease with long terms.
GROSS RENT: $4,211
CONCEPT: Pub/Restaurant
SIZE: 1,700 square feet plus patio

PROOF OF FUNDS AND SIGNED NDA MUST BE RECEIVED PRIOR TO DISCLOSING ANY FURTHER INFORMATION. THIS IS AN OPERATING BUSINESS; PLEASE REFRAIN FROM SPEAKING TO STAFF OR MANAGEMENT.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please call us to discover the difference that is.

Financial

  • Asking Price: $200,000
  • Cash Flow: $86,415
  • Gross Revenue: $630,000
  • EBITDA: N/A
  • FF&E: $100,000
  • Inventory: $5,000
  • Inventory Included: Yes
  • Established: 2014

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:6
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

2300 square feet + patio

Is Support & Training Included:

Will provide support and training to get the new owner up and running. TBD.

Purpose For Selling:

Retiring

Opportunities and Growth:

Add a good audio-visual package for sporting events, open for lunch and late night. Lots of growth potential especially with regards to lunch time catering/delivery meals to local business. With active marketing through social media and other channels, the sales can be significantly increased for this high profit business.

Additional Info

The venture was started in 2014, making the business 8 years old.
The deal shall include inventory valued at $5,000, which is included in the listing price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons people resolve to sell operating businesses. Nevertheless, the real factor vs the one they say to you may be 2 entirely different things. For instance, they might say "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might simply be reasons to try to hide the reality of transforming demographics, increased competition, current decrease in revenues, or a variety of various other reasons. This is why it is very vital that you not depend completely on a seller's word, yet rather, use the seller's answer together with your general due diligence. This will repaint an extra realistic picture of the business's current scenario.

Existing Debts and Future Obligations

If the current business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses finance loans with the purpose of covering items like inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can mean that earnings margins are too tight. Many organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also 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 agreements with suppliers that should be fulfilled or might lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location bring in new customers? Most times, operating businesses have repeat consumers, which create the core of their daily earnings. Certain aspects such as new competitors growing up around the location, roadway building, as well as personnel turn over can affect repeat customers and also negatively affect future profits. One essential thing to consider is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business often, the better the possibility to build a returning customer base. A last idea is the general area demographics. Is the business located in a densely populated city, or is it situated on the edge of town? How might the neighborhood typical household income influence future income prospects?