Listing ID: 80307
Neighborhood tavern located in Brookhaven/Atlanta for sale, have been in business for over 16 years under the same ownership (absentee). 1,700 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. The fully equipped kitchen drives a great menu that can be further enhanced with your ideas. Yearly sales of 700k +/- 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 Sports Tavern and Restaurant
PARKING: Plenty of parking
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: Landlord will sign a new 10 years lease.
GROSS RENT: $5,300
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.
- Asking Price: $150,000
- Cash Flow: N/A
- Gross Revenue: $700,000
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2005
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
1,700 square feet space with a lot of character, nice patio and plenty of parking.
Will provide support and training to get the new owner up and running. TBD.
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.
The venture was started in 2005, making the business 17 years old.
The sale does include inventory valued at $5,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell operating businesses. Nonetheless, the genuine reason and the one they say to you might 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 reasons stand. But also, for some, these may simply be justifications to attempt to hide the reality of changing demographics, increased competition, recent reduction in revenues, or a range of other factors. This is why it is really important that you not depend absolutely on a vendor's word, however rather, utilize the seller's answer in conjunction with your overall due diligence. This will paint a more reasonable image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Lots of businesses take out loans so as to cover items like supplies, payroll, accounts payable, and so on. Bear in mind that occasionally this can indicate that earnings margins are too tight. Numerous businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that have to be satisfied or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract new consumers? Many times, companies have repeat clients, which create the core of their daily profits. Certain factors such as new competitors sprouting up around the location, road building and construction, as well as personnel turnover can influence repeat customers and negatively affect future profits. One essential point to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business often, the greater the possibility to construct a returning customer base. A last idea is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the outside border of town? Just how might the neighborhood mean home earnings impact future revenue prospects?