Listing ID: 82863
Business Overview
Popular Sports Bar Business For Sale
Successful & Profitable! Twenty years of serving a prime Southwest Missouri Community. This is a turn-key operation located in a convenient strip center. Sports fans and locals enjoy the environment that has several TV’s, multiple pools and dart leagues, and live music performances. The sale price includes all of the furniture, fixtures, and equipment.
Financial
- Asking Price: $175,000
- Cash Flow: $69,138
- Gross Revenue: $566,504
- EBITDA: N/A
- FF&E: $75,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2000
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,500
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
Great location in a busy strip mall.
Owner is committed to a smooth transition.
Other Investment Opportunities.
Additional Info
The venture was started in 2000, making the business 22 years old.
The transaction will include inventory valued at $5,000, which is included in the requested price.
The business has 8 employees and resides in a building with approx. square footage of 4,500 sq ft.
The building is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell companies. Nonetheless, the genuine reason and the one they tell you may be 2 entirely different things. For instance, they may state "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competition, recent reduction in earnings, or a variety of various other factors. This is why it is really vital that you not count absolutely on a vendor's word, however instead, make use of the vendor's answer combined with your general due diligence. This will repaint a more realistic picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies take out loans with the purpose of covering items like inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can suggest that earnings margins are too tight. Many businesses fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that must be met or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in new clients? Often times, operating businesses have repeat clients, which form the core of their daily earnings. Certain variables such as new competition growing up around the location, roadway building and construction, as well as employee turnover can impact repeat customers and also negatively affect future incomes. One vital 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? Clearly, the more individuals that see the business on a regular basis, the greater the possibility to build a returning consumer 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 neighborhood mean house income impact future income potential?
