Listing ID: 82871
Sunbelt Business Brokers of Baton Rouge presents this popular bar and live music venue for sale in Metro Baton Rouge, LA. Venue has been a popular and well know establishment with a reputation for good times, high energy crowds and exciting shows for over 20 plus years. Venue also serves a popular and easy to prepare food menu for hungry customers to keep them full and happy all night long. Business has a great reputation with local bands and groups to have a constant schedule booked year round to draw in large crowds. Business occupies a leased space of approximately 3,700sqft off a prime high traffic street in town.
Owner has decided to sell to pursue other interests. Seller will help train and transition new owner. Owner may consider some seller financing for a qualified buyer with a proper down payment. Contact us today for more information on this popular bar and live music venue for sale. Come take in a rocking show and have a great time enjoying the atmosphere. See the prefect fit for you and make an offer today before it’s gone!
- Asking Price: $180,000
- Cash Flow: N/A
- Gross Revenue: $271,000
- EBITDA: N/A
- FF&E: $10,000
- Inventory: $7,000
- Inventory Included: Yes
- Established: 1988
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The venture was started in 1988, making the business 34 years old.
The sale will include inventory valued at $7,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell operating businesses. Nonetheless, the real reason and the one they say to you might be 2 absolutely different things. For instance, they might say "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may simply be justifications to try to hide the reality of altering demographics, increased competitors, recent decrease in incomes, or an array of various other reasons. This is why it is really essential that you not depend completely on a vendor's word, but instead, utilize the seller's solution along with your total due diligence. This will paint a more practical image of the business's present scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses finance loans with the purpose of covering points such as stock, payroll, accounts payable, etc. Bear in mind that occasionally this can mean that profit margins are too tight. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that have to be satisfied or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in brand-new clients? Many times, companies have repeat clients, which form the core of their day-to-day revenues. Specific factors such as new competitors sprouting up around the location, road construction, and also staff turn over can influence repeat consumers and negatively impact future revenues. One important point to consider is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more individuals that see the business regularly, the greater the chance to build a returning customer base. A final idea is the basic location demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? Just how might the local median family earnings impact future income potential?