Listing ID: 83185
Business Overview
Love what you do and you’ll never work a day in your life!!
This Jackson-area hangout has grown into more than the founders could have ever expected — and it continues to grow!!
Wildly popular among local residents and out-of-towners alike, the business has expanded multiple times over the last 2.5 years offering great food and atmosphere along with loads of entertainment.
There is still lots of opportunity for growth, but the current owners have decided to sell so they can focus on their other businesses.
Financial
- Asking Price: $515,000
- Cash Flow: $180,000
- Gross Revenue: $580,000
- EBITDA: N/A
- FF&E: $65,000
- Inventory: $11,000
- Inventory Included: Yes
- Established: N/A
other opportunities
Additional Info
The transaction shall include inventory valued at $11,000, which is included in the suggested price.
The building is leased by the company for $8,500 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell companies. Nonetheless, the genuine factor and the one they tell you may be 2 totally different things. As an example, they might claim "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might just be justifications to try to hide the reality of changing demographics, increased competition, recent decrease in incomes, or an array of various other reasons. This is why it is really vital that you not count entirely on a seller's word, however instead, utilize the vendor's solution combined with your general due diligence. This will paint an extra sensible picture of the business's existing circumstance.
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. Lots of companies finance loans so as to cover things like inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that revenue margins are too thin. Many businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that have to be fulfilled or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in new consumers? Most times, operating businesses have repeat consumers, which form the core of their daily revenues. Certain variables such as new competition growing up around the area, road building and construction, and employee turnover can influence repeat consumers and also adversely affect future revenues. One essential thing to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the better the chance to construct a returning customer base. A last idea is the basic area demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? How might the neighborhood median household income effect future revenue potential?
