Business Overview

PRICE REDUCTION! This is an incredible opportunity to own The Beaver Corner Bar & Restaurant, a bar and family-oriented restaurant that serves Beaver Crossing and draws from surrounding communities.

Freshly renovated and impeccably kept and comfortable interior finishes with ample natural light. 1,150 sf seating area for 95 people with laminate flooring, pool table, five TVs, sound system, and security cameras. Two restrooms.

Wooden bar with brass fixtures. Attractive back bar with four beer taps, refrigerator, sink, and ice bins.

Fully furnished kitchen with stove, griddle, two fryers, grill, walk-in cooler, freestanding freezer and refrigerator, steam table, ice maker, commercial dishwasher, three-compartment sink, microwave, refrigerated prep station, and counter space.

300 square foot fenced, outdoor beer garden seats 55 people.

Prior to COVID, the restaurant was serving breakfast, lunch, and dinner Tuesday through Saturday with brunch on Sunday.

The owners’ 1,200+ square foot home two blocks from the bar/restaurant can also purchased with the bar/restaurant. The home IS NOT being offered for sale separately.

Financial

  • Asking Price: $225,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:2,580
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

Owners are retiring

Pros and Cons:

This is the only bar and restaurant in Beaver Crossing and serves the surround area.

Opportunities and Growth:

Ample room for growth.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals resolve to sell operating businesses. However, the genuine factor vs the one they tell you may be 2 absolutely different things. For instance, they might state "I have a lot of other responsibilities" or "I am retiring". For many sellers, these factors stand. However, for some, these may simply be excuses to try to conceal the reality of transforming demographics, increased competition, current reduction in earnings, or a range of various other reasons. This is why it is extremely crucial that you not count completely on a vendor's word, but instead, use the seller's response together with your total due diligence. This will repaint a much more reasonable picture of the business's present scenario.

Existing Debts and Future Obligations

If the current company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses finance loans in order to cover points like stock, payroll, accounts payable, etc. Remember that occasionally this can mean that earnings margins are too thin. Many organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that have to be satisfied or may lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location draw in new customers? Most times, businesses have repeat consumers, which develop the core of their day-to-day revenues. Certain elements such as new competitors growing up around the area, roadway building and construction, and personnel turnover can influence repeat clients and adversely influence future revenues. One vital point to think about is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business often, the higher the opportunity to build a returning client base. A final thought is the general area demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? Exactly how might the local mean home income influence future revenue prospects?