Business Overview

Steinbeck’s Pub, a Leeds neighborhood staple, and enjoyed by all of Siouxland is now for sale. Price includes real estate, business, and all FF&E (furniture, fixtures, and equipment) – inventory to be priced separately between Buyer and Seller. Seller willing to stay on board for up to 60 days to help out with ordering and operations. Profit/loss numbers available for review upon reception of pre-qualification letter and executed NDA.

Financial

  • Asking Price: $380,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1999

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:3,375
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A

Additional Info

The venture was founded in 1999, making the business 23 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals choose to sell businesses. Nonetheless, the true factor vs the one they tell you might be 2 entirely different things. As an example, they might say "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may simply be justifications to try to conceal the reality of altering demographics, increased competition, recent reduction in profits, or a variety of other reasons. This is why it is very important that you not depend totally on a vendor's word, but instead, make use of the vendor's solution in conjunction with your overall due diligence. This will paint an extra sensible picture of the business's present circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses borrow money so as to cover items like stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can suggest that profit margins are too small. Many businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that must be fulfilled or may result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area draw in brand-new clients? Many times, businesses have repeat consumers, which develop the core of their daily earnings. Particular factors such as brand-new competition growing up around the area, road building and construction, and personnel turnover can affect repeat consumers and also adversely influence future revenues. One important point to consider is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business on a regular basis, the better the chance to develop a returning consumer base. A last thought is the general area demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? Just how might the local median house income influence future revenue prospects?