Listing ID: 82926
Business Overview
Family friendly Sports Bar/Restaurant in fast-growing Wentzville. Have increased profitability during Covid 19! One of the few bars in the local area that is non-smoking. Spacious outdoor seating area provides additional seating area from March through October. Well stocked bar and gaming area that includes a pool table. Located off a busy thoroughfare in the northern part of town, close to new housing development. Several recent improvements include an new freezer, water heater, air conditioner, walk in refrigerator compressor, and security cameras. For additional information please contact listing agent Bruce Thompson at 314-614-6930.
Financial
- Asking Price: $200,000
- Cash Flow: $80,847
- Gross Revenue: $402,669
- EBITDA: N/A
- FF&E: $46,782
- Inventory: $6,000
- Inventory Included: Yes
- Established: 2017
Detailed Information
- 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 4,000 square feet with a Total Rent of $5,231.87. Lease ends 11/2020 with two 3 year lease options. Seller is active in the business with 6 PT employees. Hours of operation are Mon 2p- 10p bar only, Tue - Sat 11a - 1:30a, Sunday noon-8p. $6,000 in Inventory and $55,000 in FF&E included in Asking Price.
30 Days
Moving to Oregon
Additional Info
The venture was established in 2017, making the business 5 years old.
The sale will include inventory valued at $6,000, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell companies. Nonetheless, the real factor and the one they tell you might be 2 absolutely different things. As an example, they might claim "I have too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might simply be reasons to attempt to hide the reality of changing demographics, increased competition, current decrease in earnings, or a range of other reasons. This is why it is really essential that you not depend totally on a seller's word, but instead, use the seller's answer together with your total due diligence. This will paint an extra reasonable picture of the business's current situation.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies borrow money so as to cover things like stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can indicate that revenue margins are too thin. Many organisations come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that must be fulfilled or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in brand-new customers? Many times, businesses have repeat consumers, which form the core of their everyday revenues. Specific factors such as new competition growing up around the area, road building and construction, and employee turnover can impact repeat customers as well as negatively impact future incomes. One essential point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business on a regular basis, the better the possibility to build a returning consumer base. A last thought is the general location demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? Exactly how might the neighborhood typical household income influence future earnings potential?
