Listing ID: 80904

Business Overview

Founded in April 1988.  Here is your opportunity to own an established and highly reputable bar/restaurant located in the Treasure Valley.  They offer a casual dining experience with a varied menu.  Fare offerings include burgers, salad, steak and Mexican selections.  With loyal clientele and visible community presence they have become the gathering place for the Western Treasure Valley.  In addition, they provide a fun dinning atmosphere with live sports games, a bar and more.  A new Buyer could continue specializing in these areas and add service on Sundays as well as catering service to expand their revenues and profits. Contact agent for complete CBR.

Financial

  • Asking Price: $1,250,000
  • Cash Flow: N/A
  • Gross Revenue: $1,486,383
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1988

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:25
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Own. Seller might also consider owner financing on the building if a Buyer purchased the business and has a fair amount of down payment. Terms would need to be negotiated.

Is Support & Training Included:

Owners are willing to assist with transition which can be determined between them and the Buyer.

Purpose For Selling:

The owners wish to retire.

Pros and Cons:

This establishment stands above the competition both with regards to reputation as an eatery and as an employer. It has been in business for 33 years and is well known in the Western Treasure Valley. They have great employees and pride themselves in having low turnover in their industry.

Opportunities and Growth:

The owners have chosen to keep the restaurant closed on Sundays. This provides the buyers with a great opportunity to increase both revenues and profits to the bottom line by opening the restaurant for another 52 days a year.

Additional Info

The venture was established in 1988, making the business 34 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people resolve to sell operating businesses. Nonetheless, the real factor and the one they tell you might be 2 entirely different things. For instance, they may claim "I have too many various commitments" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in revenues, or a range of other reasons. This is why it is very essential that you not count completely on a seller's word, yet rather, use the vendor's response together with your overall due diligence. This will paint a much more sensible picture of the business's existing situation.

Existing Debts and Future Obligations

If the current business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses take out loans in order to cover things such as supplies, payroll, accounts payable, and so on. Remember that occasionally this can mean that profit margins are too tight. Lots of businesses come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that should be fulfilled or may lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area bring in brand-new consumers? Most times, operating businesses have repeat clients, which form the core of their day-to-day earnings. Particular elements such as new competition sprouting up around the location, roadway building, as well as employee turn over can influence repeat customers as well as adversely affect future profits. One essential point to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the higher the possibility to construct a returning client base. A last idea is the general area demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? Exactly how might the regional mean house income effect future earnings potential?