Listing ID: 81593
Business Overview
Seller financing available for qualified buyer!
Established Bar & Grill in DeKalb County, IL with 6 video games generating an average of over $6,000 monthly income.
Investment Highlights:
• Established sports bar/pub (since early 2000s) with 6 video gaming machines.
• Attractive environment in an ideal downtown setting with friendly staff catering to a loyal customer base.
• Menu variety with daily specials.
• Weekly entertainment includes bands, karaoke, free bingo and billiard tables.
• New kitchen upgrade and interior painting in 2019, new roof and siding in 2021 – $100K of improvements over that time.
Faithful staff make this establishment a go-to watering hole for a loyal customer base. An ever expanding menu featuring daily specials, gaming incentives and weekly give-aways keep customers coming back day to day. Additional entertainment includes billiards, darts, bingo, DJ, bands, karaoke, and more!
Call now for more details!
Financial
- Asking Price: $150,000
- Cash Flow: $113,233
- Gross Revenue: $319,344
- EBITDA: N/A
- FF&E: $15,000
- Inventory: $8,000
- Inventory Included: Yes
- Established: 2008
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,500
- Lot Size:N/A
- Total Number of Employees:13
- Furniture, Fixtures and Equipment:N/A
4 weeks
other interests
Additional Info
The company was established in 2008, making the business 14 years old.
The deal will include inventory valued at $8,000, which is included in the asking price.
The company has 13 employees and resides in a building with approx. square footage of 2,500 sq ft.
The building is leased by the business for $3,500 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell businesses. Nevertheless, the genuine reason vs the one they tell you may be 2 absolutely different things. As an example, they might claim "I have a lot of various commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may just be justifications to try to conceal the reality of altering demographics, increased competitors, current decrease in incomes, or a range of other reasons. This is why it is extremely vital that you not count absolutely on a seller's word, but instead, use the vendor's solution together with your total due diligence. This will paint a much more practical picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses borrow money so as to cover things like supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that earnings margins are too thin. Many businesses fall 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 commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that must be satisfied or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location bring in new clients? Most times, companies have repeat customers, which create the core of their day-to-day earnings. Certain variables such as new competition growing up around the location, road construction, and staff turnover can influence repeat clients and also adversely affect future revenues. One important point to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the better 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 median home income influence future income prospects?
