Business Overview

AMAZING business opportunity, includes a turn-key bar and restaurant with off-sale liquor business in a loyal and steady community. Located on Highway 15 in Truman Minnesota, this is a highly visible and well-traveled location with the next closest bar and restaurant more than 10miles away. This 15 plus year family owned business, offers an updated interior, more than enough seating for larger events, along with a large patio area for enjoying all the seasons. There is a full kitchen, large backroom with an enormous amount of storage, office area and a newer roof; just to name a FEW of the amenities. The busy off-sale business side has barn wood walls for a great visual, along with all the coolers for beverages and an ice cooler. This facility also has exclusive rights to the Truman Community Center, offering additional income opportunities. This venture is ready & waiting for YOU!

Financial

  • Asking Price: $310,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:5,100
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

Owner health issues/retirement

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people decide to sell operating businesses. Nonetheless, the real reason and the one they say to you might be 2 absolutely different things. As an example, they might state "I have too many other obligations" or "I am retiring". For many sellers, these factors are valid. But, for some, these may simply be justifications to attempt to hide the reality of altering demographics, increased competition, current decrease in incomes, or an array of other reasons. This is why it is really vital that you not rely completely on a seller's word, yet rather, use the seller's answer together with your overall due diligence. This will paint a more reasonable picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses take out loans in order to cover things like inventory, payroll, accounts payable, etc. Remember that in some cases this can indicate that earnings margins are too thin. Many organisations fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to 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 contracts with vendors that must be met or might result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location bring in new clients? Often times, companies have repeat clients, which create the core of their daily revenues. Specific variables such as new competition growing up around the location, road building and construction, and personnel turnover can affect repeat clients and also adversely influence future profits. One important thing to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the greater the chance to develop a returning client base. A last thought is the basic location demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? Just how might the local average household income impact future earnings prospects?