Listing ID: 82246
This successful indoor golf and sports bar for sale in Iowa has multiple state-of-the-art indoor golf simulators. The business is well designed to accommodate multiple large groups while they enjoy virtual golfing at many dozen nationally ranked courses. The simulators support both expert and beginning level players as they execute long drives or close range putts as well as league and tournament play over extended periods. The business also has a fully operational bar.
- Asking Price: $275,000
- Cash Flow: $101,174
- Gross Revenue: $300,510
- EBITDA: N/A
- FF&E: $146,750
- Inventory: $1,000
- Inventory Included: Yes
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
This location has approx. 3,000 square feet of space within a small strip mall located on a busy road for commuters. The space was rebuilt and modernized in 2015 and has indoor seating for approximately 60 customers.
Owner downsizing business operations.
The business operates modern simulators at prices that are lower than many competitors.
Additional growth can be generated from increasing the number and type of golf league events through increased marketing efforts directed at dedicated golfers as well as events for casual golfers. Additionally, the business could expand into off-season events such as gaming or other activities utilizing the projectors and large simulator screens. A variety of in-house food options can also be sold in addition to the drink offerings.
The venture was founded in 2015, making the business 7 years old.
The transaction shall include inventory valued at $1,000, which is included in the requested price.
The business has 6 employees and resides in a building with estimated square footage of 3,000 sq ft.
The building is leased by the business for $4,400 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell operating businesses. Nonetheless, the real factor vs the one they say to you might be 2 absolutely different things. As an example, they may claim "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may simply be justifications to attempt to hide the reality of changing demographics, increased competition, recent decrease in earnings, or a range of various other factors. This is why it is very important that you not count completely on a seller's word, but instead, make use of the seller's response in conjunction with your overall due diligence. This will repaint a much more realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Lots of businesses finance loans so as to cover items like stock, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can mean that revenue margins are too tight. Numerous businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that have to be met or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area bring in brand-new customers? Most times, companies have repeat clients, which form the core of their everyday profits. Specific variables such as brand-new competitors growing up around the location, roadway building, and also employee turnover can affect repeat customers and negatively impact future incomes. One essential thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business often, the greater the opportunity to build a returning customer base. A final thought is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? Just how might the neighborhood average household income influence future revenue potential?