Listing ID: 80776
Business Overview
Established over 15 years this popular neighborhood restaurant/bar has built a consistent and loyal customer base. They serve lunch and dinner daily with a wide variety of great menu items including burgers, unique sandwiches, stir-fry, appetizers, fajitas and fish tacos. Fish and chips and clam chowder are staples on Fridays along with other enticing specials throughout the week. A weekend Brunch brings customers in early and jumpstarts the busy weekends. NFL and MLB sports entertainment packages draw in sports fans with 12 televisions strategically placed for easy viewing. The operation has over 20 employees including two managers who have years of industry experience.
Financial
- Asking Price: $495,000
- Cash Flow: $108,263
- Gross Revenue: $853,913
- EBITDA: N/A
- FF&E: $135,000
- Inventory: $6,000
- Inventory Included: Yes
- Established: N/A
Located in the heart of Boise the freestanding +/-2,500 square foot facility has a capacity of 77. In addition, there is a spacious +/-1,790 square foot covered patio with foliage and a fire pit that creates a welcoming environment. The location provides easy access and offers plenty of customer parking.
The owner is ready to pursue other interests but will assist for a negotiable pe
Founded over 15 years ago, the operation is a well known neighborhood gathering place but also attracts customers from all over the Treasure Valley. It is one of the few venues in the area with a full liquor license and offers a wide variety of local/regional micro beers and wines. Due to COVID, there was a slight decrease in sales for 2020 but 2021 sales have rebounded and are stronger than ever.
An individual with restaurant and bar experience would be ideal for this business; someone that appreciates the appeal and friendliness of a loyal customer base and neighborhood atmosphere of this location. THE POSSIBILITIES A new owner could carry on with existing menu/bar offerings and continue to build on the successful format. There is also an opportunity to add new menu items and special events to draw new customers to this location.
Additional Info
The transaction shall include inventory valued at $6,000, which is included in the suggested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell operating businesses. Nonetheless, the genuine factor and the one they say to you may be 2 entirely different things. As an example, they might claim "I have a lot of other obligations" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might simply be justifications to attempt to conceal the reality of altering demographics, increased competitors, recent reduction in incomes, or a range of various other factors. This is why it is really crucial that you not depend absolutely on a seller's word, but rather, use the seller's solution in conjunction with your general due diligence. This will paint a more sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Many companies borrow money with the purpose of covering points such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can mean that earnings margins are too small. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that must be met or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location attract new clients? Most times, businesses have repeat customers, which form the core of their daily profits. Specific variables such as new competition sprouting up around the location, road building and construction, and employee turn over can affect repeat clients as well as adversely impact future earnings. One vital point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business regularly, the greater the possibility to construct a returning consumer base. A last idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? Exactly how might the local average house income impact future income potential?
