Listing ID: 80790
Live the Dream of this historic bar and restaurant in Murray Idaho. If these walls could talk! 120 years worth of history from the gold boom, to the old west, to the guests that now visit while exploring the beautiful Coeur d’Alene River. Many upgrades have been done to this 3,200 square foot building including wiring, a new septic system, and a back up generator. The main floor inhabits the restaurant and bar while the second floor is reserved for the owners quarters. The property rests on almost a half acre with 4 income producing RV spots with water and electricity. Seller financing available with large down payment. Price includes all FF&E, historic liquor license and storage trailer. Turnkey.
- Asking Price: $600,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1900
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:3,200
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The business was established in 1900, making the business 122 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell businesses. Nevertheless, the genuine factor vs the one they say to you might be 2 completely different things. For instance, they may claim "I have too many other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may just be justifications to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in revenues, or an array of various other reasons. This is why it is really important that you not rely completely on a seller's word, but instead, utilize the vendor's solution combined with your overall due diligence. This will paint a more practical picture of the business's present situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses borrow money in order to cover things like inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can mean that earnings margins are too thin. Many companies fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to consider. 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 canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract new consumers? Often times, companies have repeat clients, which create the core of their everyday earnings. Particular elements such as new competition sprouting up around the area, roadway building and construction, and employee turnover can influence repeat customers and also negatively affect future profits. One vital thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business often, the better the possibility to develop a returning client base. A final thought is the general area demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Just how might the local typical house earnings influence future income potential?