Listing ID: 82667

Business Overview

Own a piece of Montana’s history! Looking for a turn-key business with a long record of success in the Gallatin Valley? Look no further. This iconic, world-class restaurant boasts a newly remodeled dining area and full bar including a three-bed, two baths upstairs apartment for you, or rent it out for additional income. Too many upgrades and improvements to mention and many opportunities to expand the current business and real estate. Thirty minutes to Bozeman and thirty minutes to Ennis, this well-known steakhouse is a great destination for locals and tourists in the area, with many possibilities to embellish and grow its already famous menu and offerings. Listing includes the real estate, business, and full traveling liquor license, which is rare to find in the Gallatin Valley! Hurry, places like this don’t come around often! Co-Listed with Jaime Edmundson of Keller Williams Montana Realty.

Financial

  • Asking Price: $850,000
  • 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:5,760
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Building was built in 1920.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people choose to sell businesses. However, the real factor and the one they tell you might be 2 entirely different things. As an example, they might say "I have too many various responsibilities" or "I am retiring". For many sellers, these reasons are valid. However, for some, these might just be justifications to try to conceal the reality of changing demographics, increased competitors, current decrease in earnings, or an array of various other reasons. This is why it is very essential that you not rely absolutely on a vendor's word, yet rather, utilize the seller's solution combined with your total due diligence. This will repaint an extra sensible picture of the business's existing situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money so as to cover things such as stock, payroll, accounts payable, etc. Bear in mind that sometimes this can imply that revenue margins are too thin. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that should be fulfilled or may lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area attract new customers? Often times, businesses have repeat clients, which create the core of their everyday revenues. Particular factors such as brand-new competition growing up around the location, roadway building, and also personnel turn over can affect repeat consumers as well as negatively impact future incomes. One important point to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business regularly, the higher the possibility to construct a returning customer base. A final thought is the basic area demographics. Is the business located in a largely populated city, or is it situated on the outskirts of town? Exactly how might the local average household income effect future earnings potential?