Business Overview

SPORTS BAR AND GRILL LOCATED IN GROWING METRO EAST TOWN WITH GAMING IN PLACE.

This 4500 sq ft bar and grill is located in the center of town with great parking on both sides. The seller recently added renovations for a large covered patio and continues to upgrade the building. This is a true turn-key bar with employees in place and gaming that last year netted the sellers over $100k. Seller will sell business with real estate for $675k or sell business for $150k and lease for $4500 a month all in.

Please call Ken Kunkel at 636 346 0293 or email kkunkel@fusionadvantage.com for more information about listing ID#1080KK.

Financial

  • Asking Price: $675,000
  • Cash Flow: N/A
  • Gross Revenue: $599,000
  • EBITDA: N/A
  • FF&E: $99,000
  • Inventory: $7,500
  • Inventory Included: N/A
  • Established: 2010

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:14
  • Furniture, Fixtures and Equipment:N/A

Additional Info

The venture was founded in 2010, making the business 12 years old.
The transaction doesn't include inventory valued at $7,500*, which ins't included in the asking price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals resolve to sell operating businesses. Nevertheless, the genuine reason vs the one they tell you might be 2 completely different things. As an example, they might say "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these may simply be reasons to attempt to hide the reality of altering demographics, increased competitors, current decrease in profits, or an array of various other factors. This is why it is really vital that you not rely totally on a vendor's word, however rather, utilize the vendor's answer in conjunction with your total due diligence. This will repaint a more sensible image of the business's present circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous businesses borrow money so as to cover items such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can imply that earnings margins are too small. Lots of businesses fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that have to be satisfied or might lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area draw in brand-new clients? Many times, companies have repeat consumers, which form the core of their daily revenues. Certain elements such as new competition growing up around the location, roadway construction, and personnel turnover can impact repeat customers and adversely affect future earnings. One important point to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the higher the possibility to develop a returning customer base. A last thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? How might the neighborhood median household income influence future revenue prospects?