Listing ID: 82764
Business Overview
Popular gathering spot for great food, drinks, parties, watching the game and more! The restaurant and bar have great reviews and a terrific following. In 2020, this business has gained a good share of curbside business because of it’s great food and menu variety.
Financial
- Asking Price: $225,000
- Cash Flow: $117,768
- Gross Revenue: $1,614,070
- EBITDA: N/A
- FF&E: $175,000
- Inventory: $15,000
- Inventory Included: Yes
- Established: 2015
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:10
- Lot Size:N/A
- Total Number of Employees:22
- Furniture, Fixtures and Equipment:N/A
Yes, Negotiable
Pursuing other interests
Only bar and Grill with full menu in this high-end suburb, just off a Golf Course. Uses basement for private parties and events. Known for great food, location, and a place to watch sporting events.
As groups are allowed to gather, private area down stairs will be able to book more events. At full capacity both bar and restaurant do very well.
Additional Info
The business was started in 2015, making the business 7 years old.
The sale will include inventory valued at $15,000, which is included in the suggested price.
The company has 22 employees and is located in a building with estimated square footage of 10 sq ft.
The building is leased by the company for $15,000 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell businesses. Nonetheless, the genuine reason vs the one they tell you might be 2 completely different things. For instance, they might say "I have a lot of other commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might simply be reasons to attempt to hide the reality of changing demographics, increased competition, recent decrease in earnings, or a range of various other factors. This is why it is really essential that you not count absolutely on a seller's word, however rather, make use of the vendor's solution combined with your general due diligence. This will repaint an extra realistic image of the business's current circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans so as to cover things like inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can indicate that revenue margins are too thin. Lots of companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that should be fulfilled or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in brand-new clients? Often times, companies have repeat customers, which develop the core of their everyday revenues. Certain aspects such as new competitors sprouting up around the area, roadway building, and employee turnover can impact repeat clients and also adversely influence future incomes. One crucial point to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business regularly, the better the chance to construct a returning consumer base. A final idea is the basic location demographics. Is the business situated in a densely populated city, or is it located on the outskirts of town? Exactly how might the local average home earnings effect future revenue prospects?
