Business Overview

This Bar & Restaurant was remodeled in 2015 and is fabulous! It features 2 dining areas with a patio attached to one of them. The main bar also has a patio + a gaming area and room to spare. The kitchen is second to none, boasting all stainless steel appliances. The sale of this business includes the land, building, furniture, fixtures and equipment plus an all beverage liquor license with gaming. There are ample opportunities to increase revenue!

Check out a video of the property here: https://youtu.be/GWicndzJG1U

Financial

  • Asking Price: N/A
  • Cash Flow: N/A
  • Gross Revenue: $638,293
  • 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:5,824
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Home Based

Is Support & Training Included:

Owner will stay on for training for a 2 week period

Purpose For Selling:

Owner retiring

Pros and Cons:

The competition is in Billings and Edgar Mt. Most bar and restaurants do not look as good as this one and the food is outstanding. The negative is it is 10 minutes from Billings.

Home Based:

This Business Is Home Based

Additional Info

The business has 4 employees and is located in a building with disclosed square footage of 5,824 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people choose to sell operating businesses. However, the real factor vs the one they say to you might be 2 totally different things. For instance, they might claim "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may just be justifications to attempt to hide the reality of changing demographics, increased competitors, recent decrease in incomes, or a range of other reasons. This is why it is really vital that you not count entirely on a seller's word, however rather, utilize the seller's solution combined with your overall due diligence. This will repaint an extra sensible picture of the business's existing scenario.

Existing Debts and Future Obligations

If the current company is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies take out loans with the purpose of covering things such as supplies, payroll, accounts payable, etc. Keep in mind that sometimes this can imply that revenue margins are too thin. 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 also be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that need to be fulfilled or might cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area bring in brand-new consumers? Many times, companies have repeat consumers, which create the core of their daily earnings. Particular variables such as new competitors sprouting up around the area, roadway building and construction, and also personnel turnover can impact repeat consumers and also negatively influence future revenues. One important point to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business often, the better the opportunity to build a returning client base. A final thought is the basic location demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? Exactly how might the local median house income influence future revenue potential?