Listing ID: 82293
Excellent opportunity to own a well established neighborhood sports bar & grill. Established 19 years ago, this sports bar & grill is located in a Western suburb of Des Moines, IA.
Perfect place to watch your favorite sports team (16 televisions).
3,750 sq. ft. with a private party room.
27 employees includes 1 FT manager. Absentee owner.
Strong consistent sales. $961,146 (2021)
- Asking Price: $230,000
- Cash Flow: $126,817
- Gross Revenue: $961,100
- EBITDA: $126,817
- FF&E: $90,000
- Inventory: $15,000
- Inventory Included: N/A
- Established: 2002
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,750
- Lot Size:N/A
- Total Number of Employees:27
- Furniture, Fixtures and Equipment:N/A
3750 sq. ft. with private party room.
Great neighborhood bar. Growing suburb of Des Moines. High traffic area.
The company was founded in 2002, making the business 20 years old.
The transaction doesn't include inventory valued at $15,000*, which ins't included in the requested price.
The business has 27 employees and resides in a building with disclosed square footage of 3,750 sq ft.
The building is leased by the company for $6,870 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell companies. Nevertheless, the real factor vs the one they say to you might be 2 entirely different things. As an example, they may state "I have way too many other responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these might simply be excuses to try to conceal the reality of transforming demographics, increased competition, current decrease in profits, or a range of other factors. This is why it is really essential that you not rely entirely on a seller's word, but instead, utilize the seller's response combined with your overall due diligence. This will repaint a much more sensible image of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies borrow money so as to cover points like supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can imply that revenue margins are too thin. Many 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 take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that must be satisfied or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in new customers? Often times, businesses have repeat customers, which develop the core of their daily earnings. Specific factors such as new competitors sprouting up around the area, road building, as well as staff turnover can influence repeat consumers and adversely impact future revenues. One important point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the greater the opportunity to develop a returning consumer base. A last idea is the general location demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? Just how might the regional typical family income influence future earnings prospects?