Listing ID: 82638
Here is your chance to own a profitable bar, grill, and casino that the current owner has been operating since 1995. Seller says that they have the best food in town at great prices. Word of mouth advertising is one of the reasons for new customer growth. Seller is retiring and will help the new owner. Contact me today, while this is still available, for additional information please contact listing agent Quin Rasmussen at 406-431-6260 or email@example.com.
- Asking Price: $375,000
- Cash Flow: $184,325
- Gross Revenue: $1,037,813
- EBITDA: N/A
- FF&E: $25,000
- Inventory: $15,000
- Inventory Included: Yes
- Established: 1995
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 1,200 square feet. Seller is active in the business with 6 PT employees. Hours of operation are 8 AM to 2 AM, Monday - Sunday. $15,000 in Inventory and $25,000 in FF&E included in Asking Price. Liquor License Required.
The venture was founded in 1995, making the business 27 years old.
The sale will include inventory valued at $15,000, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell operating businesses. Nonetheless, the true reason vs the one they tell you might be 2 totally different things. As an example, they might state "I have a lot of various obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may simply be justifications to try to conceal the reality of altering demographics, increased competition, current reduction in earnings, or an array of other reasons. This is why it is extremely important that you not depend absolutely on a vendor's word, but rather, use the seller's answer in conjunction with your general due diligence. This will repaint a more sensible image of the business's existing situation.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses finance loans in order to cover points like stock, payroll, accounts payable, and so on. Remember that sometimes this can imply that revenue margins are too small. Lots of companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements 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 companies in the location attract new consumers? Many times, businesses have repeat clients, which develop the core of their everyday revenues. Specific aspects such as brand-new competition growing up around the location, road building and construction, as well as personnel turnover can influence repeat consumers and adversely impact future revenues. One essential point to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business on a regular basis, the higher the opportunity to construct a returning client base. A final idea is the general location demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? How might the regional mean household income effect future revenue prospects?