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 company was established in 1999, making the business 23 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals decide to sell businesses. Nonetheless, the true reason vs the one they tell you might be 2 completely different things. As an example, they may say "I have too many other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may just be reasons to try to hide the reality of transforming demographics, increased competition, current decrease in revenues, or a variety of various other factors. This is why it is very vital that you not depend totally on a vendor's word, however rather, make use of the vendor's response along with your general due diligence. This will paint a much more sensible picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses borrow money so as to cover items like supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can mean that profit margins are too small. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that need to be fulfilled or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location attract brand-new clients? Most times, companies have repeat consumers, which create the core of their everyday revenues. Certain elements such as brand-new competitors sprouting up around the location, roadway building and construction, and also personnel turn over can influence repeat customers and adversely impact future incomes. One essential thing to consider is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business regularly, the higher the opportunity to develop a returning consumer base. A final thought is the basic area demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? How might the local median household income influence future revenue potential?