Listing ID: 81344
The Boardwalk has been a premiere Live Music venue in Sacramento for 36 years. Bringing in the top bands from around the country made this club one of the top venues in the Sacramento Metro area
Recently renovated & featuring a full bar & Menu, Type 47 license. Occupancy 200.
Building size: 19,660 sq. ft. Interior Foot print: 4601 sq. ft.
Real Estate including all existing business assets are included. Buyer must provide current financial statement & NDA.
No financial information is being represented or provided. Excellent opportunity for seasoned operator to build on this.
- Asking Price: $1,200,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:4,601
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Excellent opportu ity for seasoned operator
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell operating businesses. Nonetheless, the true reason vs the one they tell you might be 2 absolutely different things. For instance, they might claim "I have way too many other commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might just be justifications to try to hide the reality of transforming demographics, increased competition, current decrease in earnings, or an array of other factors. This is why it is extremely important that you not count totally on a seller's word, however instead, make use of the seller's solution along with your total due diligence. This will paint an extra sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses take out loans so as to cover points like inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can imply that profit margins are too small. Lots of companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that must be fulfilled or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location bring in new clients? Often times, operating businesses have repeat consumers, which form the core of their day-to-day revenues. Particular elements such as new competition growing up around the location, road construction, as well as staff turnover can affect repeat clients and also negatively affect future earnings. One crucial point to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the higher the chance to build a returning client base. A last idea is the general location demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? How might the local typical home income effect future revenue potential?