Business Overview

Location, location, location. 3100 sq. ft + patio bar with beautiful upgrades located in the heart of Des Moines, IA.

High traffic area!

Possible seller contract with 50% down.

No food, but space does have an ansul system.

Financial

  • Asking Price: $250,000
  • Cash Flow: N/A
  • Gross Revenue: $379,800
  • EBITDA: N/A
  • FF&E: $140,000
  • Inventory: $12,000
  • Inventory Included: Yes
  • Established: 2020

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,100
  • Lot Size:N/A
  • Total Number of Employees:6
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

3100 sq. ft + patio. Does have an ansul system.

Is Support & Training Included:

Negotiable

Purpose For Selling:

Other interest

Opportunities and Growth:

Great location.

Additional Info

The company was founded in 2020, making the business 2 years old.
The transaction shall include inventory valued at $12,000, which is included in the asking price.

The company has 6 employees and resides in a building with approx. square footage of 3,100 sq ft.
The real estate is leased by the company for $10,800 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals decide to sell businesses. Nevertheless, the genuine reason and the one they tell you might be 2 totally different things. As an example, they may state "I have way too many various commitments" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these might just be justifications to try to conceal the reality of altering demographics, increased competitors, recent decrease in incomes, or a range of other reasons. This is why it is very essential that you not rely completely on a seller's word, however instead, use the vendor's solution combined with your total due diligence. This will paint an extra realistic picture of the business's current circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses finance loans with the purpose of covering things like stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can suggest that earnings margins are too tight. Many organisations fall 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 commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that have to be fulfilled or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location bring in brand-new customers? Most times, businesses have repeat consumers, which form the core of their everyday profits. Certain variables such as brand-new competitors sprouting up around the location, road building and construction, as well as employee turnover can affect repeat clients and adversely impact future revenues. One crucial thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business often, the higher the chance to build a returning client base. A final thought is the general location demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Just how might the regional median house income influence future earnings potential?