Business Overview

Have you ever dreamed of owning your own bar & restaurant? Here’s your opportunity! Absentee owner with long-term employees in place. Well-established bar & grill with new construction close by that will bring even more growth opportunity. Their strong reputation is built on integrity, cleanliness, crafted cocktails, and delicious food. This place is waiting for a new owner so that the existing owners can retire!
Call Kim Wright 636-614-9975 or email at kwright@fusionadvantage.com about listing ID#1068KW.

Financial

  • Asking Price: $336,000
  • Cash Flow: N/A
  • Gross Revenue: $999,000
  • EBITDA: N/A
  • FF&E: $75,000
  • Inventory: $20,000
  • Inventory Included: N/A
  • Established: N/A

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:10
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

8 hours a day for 5 days a week for 4 weeks

Purpose For Selling:

Retirement

Additional Info

The sale won't include inventory valued at $20,000*, which ins't included in the listing price.

The business has 10 employees and is located in a building with estimated square footage of N/A sq ft.
The building is leased by the company for $0.00

Why is the Current Owner Selling The Business?

There are all sorts of reasons people decide to sell businesses. Nonetheless, the true reason and the one they say to you may be 2 entirely different things. For instance, they might say "I have a lot of various commitments" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may just be reasons to attempt to conceal the reality of altering demographics, increased competitors, recent decrease in incomes, or a range of other factors. This is why it is really important that you not count totally on a vendor's word, yet rather, use the seller's solution in conjunction with your general due diligence. This will paint an extra sensible image of the business's existing scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies take out loans with the purpose of covering points such as inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can indicate that earnings margins are too tight. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that must be satisfied or might cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area draw in new clients? Often times, companies have repeat clients, which create the core of their day-to-day profits. Certain factors such as brand-new competition sprouting up around the location, roadway building, as well as staff turn over can affect repeat consumers as well as negatively influence future incomes. One essential thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business often, the higher the opportunity to construct a returning client base. A final idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? Exactly how might the local median household income effect future revenue potential?