Listing ID: 80800
Business Overview
Fully Furnished, newly remodeled Brew Pub with Craft Beers… has outdoor seating… with “one-of-a-kind” Taproom, Bottle Shop & Wine Bar… “almost new” equipment, ready for a new owner to take a well established neighborhood gathering spot to the next level!
Financial
- Asking Price: $100,000
- Cash Flow: $23,866
- Gross Revenue: $127,305
- EBITDA: N/A
- FF&E: $28,400
- Inventory: $20,000
- Inventory Included: Yes
- Established: 2018
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:2
- Furniture, Fixtures and Equipment:N/A
High traffic area, retail strip center, single level, prime business territory and neighborhood setting... with outdoor seating - 2,400 Sq Ft Brew Pub. Very Clean, Equipment 3 years old in great shape, Tap room, Bottle shop, Wine Bar... Custom made, unique, very attractive Bar Top & Seating Table... there is a feeling of being home and comfort! A newer Micromatic 24-tap system can accommodate up to 300 beers/wines with continued growth!
Will train for 2 weeks @ $0 cost. Good personality, hard work, good business management & relationship building skills are a plus!
Personal situation has changed and he wants to focus on his other business.
With the unique combination of a high traffic - business and neighborhood location... there is very little competition in the area!
There is great potential for growth with a hands-on owner/manager working full time, increasing hours of operation, social media, expanding the marketing plan, catering, delivery options, comedy, standup mic & music night... games, food options... this business has a very good vibe and is looking for the right owner to add their personality and take it to the next level of success and profitability.
Additional Info
The company was started in 2018, making the business 4 years old.
The deal will include inventory valued at $20,000, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell companies. Nonetheless, the true factor and the one they say to you might be 2 absolutely different things. For instance, they might claim "I have a lot of various responsibilities" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may simply be excuses to try to hide the reality of altering demographics, increased competition, current decrease in incomes, or a variety of various other factors. This is why it is really vital that you not count completely on a seller's word, but instead, make use of the vendor's answer combined with your overall due diligence. This will paint an extra reasonable picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses take out loans in order to cover things such as supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can mean that profit margins are too tight. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that have to be fulfilled or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in new clients? Often times, companies have repeat clients, which create the core of their day-to-day earnings. Particular factors such as brand-new competitors sprouting up around the area, road building and construction, and also staff turnover can influence repeat customers as well as adversely affect future incomes. One important thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business often, the greater the opportunity to develop a returning consumer base. A final idea is the general location demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? Just how might the regional typical home income impact future income potential?
