Business Overview

This business is a local favorite Sports Pub serving exceptional pizza and award-winning wings featuring 22 sauces and rubs. Continued growth through great customer service keeps visitors coming back year after year. Like a local “Cheers” tavern, it is a destination spot on every game day with big screens and a fun atmosphere. The business is ideally situated in the Emerald Coast’s most robust tourist market.

Financial

  • Asking Price: $975,000
  • Cash Flow: $244,608
  • Gross Revenue: $1,558,018
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $10,410
  • Inventory Included: Yes
  • Established: 2008

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:5,000
  • Lot Size:N/A
  • Total Number of Employees:14
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

5000 sq. ft restaurant/bar facility with a parking lot. Lease runs through December 31, 2022. Current monthly rent in this great location is $13,500.

Is Support & Training Included:

Will train for 4 weeks @ $0 cost. Liquor License is 4 COP SFS.

Purpose For Selling:

Owner would like to retire.

Pros and Cons:

This resort area is busy with many dining options. This pizza and wings sports bar/restaurant has a reputation for their award winning pizza and wings. To go orders to supplement revenue.

Opportunities and Growth:

Business is in growth phase and will continue as the new owner hires more wait help. Advertising more through social media and local events would also increase exposure for stronger growth.

Additional Info

The venture was founded in 2008, making the business 14 years old.
The transaction does include inventory valued at $10,410, which is included in the requested price.

The company has 14 FT/2 PT employees and resides in a building with disclosed square footage of 5,000 sq ft.
The building is leased by the company for $0.00

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people decide to sell companies. However, the true factor vs the one they tell you may be 2 completely different things. As an example, they may state "I have too many other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might simply be excuses to attempt to hide the reality of transforming demographics, increased competitors, recent decrease in earnings, or an array of other reasons. This is why it is very important that you not rely absolutely on a vendor's word, however rather, use the seller's solution combined with your general due diligence. This will repaint a much more reasonable image of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses take out loans with the purpose of covering points such as inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can mean that profit margins are too thin. Lots of organisations fall into a revolving door of taking on debt as a way to pay back 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 may have existing agreements with suppliers that need to be fulfilled or may lead to penalties if terminated 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 form the core of their day-to-day profits. Specific variables such as brand-new competitors sprouting up around the location, roadway construction, and employee turnover can influence repeat customers and negatively impact future earnings. One crucial thing to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business regularly, the better the chance to build a returning customer base. A final thought is the basic area demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Just how might the regional median household income impact future earnings prospects?