Business Overview

This is a fantastic space that comes complete with full bar, restaurant, and updated kitchen. It has a large stage area and dance floor that hosts live music weekly. The place has been in business for a long time with limited competition. It boasts a beautiful outside patio, full bar, and outdoor activities. All new gaming room with revenues of more than $10,000.00 a month. Great parking and all new updates throughout. A hands-on owner can come into this turn-key piece of real estate and make it their own.

Call Kim Wright 636-614-9975 or email kwright@fusionadvantage.com and ask about ID#1074KW

Financial

  • Asking Price: $1,999,999
  • Cash Flow: N/A
  • Gross Revenue: $1,500,000
  • EBITDA: N/A
  • FF&E: $200,000
  • Inventory: $30,000
  • Inventory Included: N/A
  • Established: 2018

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:7,516
  • Lot Size:N/A
  • Total Number of Employees:30
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

New Parking lot, Everything in the building has been remodeled. Outside improved.

Is Support & Training Included:

Yes

Purpose For Selling:

Other obligations

Additional Info

The venture was established in 2018, making the business 4 years old.
The transaction shall not include inventory valued at $30,000*, which ins't included in the requested price.

The business has 30 employees and is located in a building with approx. square footage of 7,516 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals decide to sell companies. Nonetheless, the true factor and the one they tell you might be 2 absolutely different things. As an example, they might claim "I have too many various commitments" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might just be reasons to try to conceal the reality of transforming demographics, increased competition, recent reduction in earnings, or a range of various other factors. This is why it is very crucial that you not count absolutely on a seller's word, yet rather, utilize the vendor's response together with your general due diligence. This will repaint an extra reasonable picture of the business's existing situation.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies borrow money with the purpose of covering points such as stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that earnings margins are too tight. Numerous organisations 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 think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that need to be fulfilled or may result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location attract new customers? Most times, companies have repeat customers, which form the core of their everyday revenues. Certain aspects such as brand-new competition growing up around the location, road building and construction, as well as employee turnover can impact repeat consumers and negatively impact future revenues. One essential point to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the better the chance to build a returning consumer base. A last thought is the general location demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? How might the neighborhood typical house earnings influence future earnings potential?