Business Overview

TYPE OF BUSINESS: Updated Bar and Grill. This family-owned business was established over 46 years ago and the current owner has operated the business since 2018. The bar area includes five very profitable gaming machines, pull tabs, pool table, juke box, multiple flat screen tv’s, and an outdoor volleyball court. Restaurant serves lunch and dinner six days a week and adding breakfast on the weekend. The bar is located on a public trail system in western Wisconsin. The establishment is involved with many atv, motorcycle and snowmobile runs. There is tremendous potential to increase sales and profits by maximizing catering and outdoor space. There is a beautifully designed website in place. Seller has recently invested over $35,000 in new equipment and building improvements. This business is located just over an hour east of St. Paul.

FACILITY: The Business operates in approximately 2,300 sq. ft. building. The roof is new, vinal siding on the exterior is in good shape with plenty of street parking. Seating for 62 people, 26 stools at the bar and 26 chairs at the tables.
There is a house next to business that is for sale as well. This home was built in 1940,
3 – 4 bedrooms with one bathroom. Furnace and water heater was replaced 3 years ago. Home comes with a privacy fence (from the bar). This is a perfect opportunity for the new owners to be close to the business or use as a rental property for additional revenue.

EMPLOYEES: 1 owner, works approx. 30 to 55 hours per week, 7 part-time employees. 2 of them can oversee the business while owner is out of town. The business is fully staffed with dependable employees.

GROSS SALES/CASH FLOW: Comparing 2021 sales to 2020 sales (through August) 2021 is over $68,000 from 2020! Gross sales for 2020 were $252,469 and 2019 were $215,915.

ASKING PRICE: The owner is asking $85,000 for the business, which includes furniture, fixtures, equipment valued at $45,000, and inventory, valued approximately $4,000. $125,000 for the Building and Property. $119,000 for the house. This is a turnkey operation and an outstanding opportunity for someone who has hospitality experience. Seller financing available to a qualified buyer.

REASON FOR SALE: Moving / Health.

Financial

  • Asking Price: $329,000
  • Cash Flow: N/A
  • Gross Revenue: $252,500
  • EBITDA: N/A
  • FF&E: $45,000
  • Inventory: $4,000
  • Inventory Included: Yes
  • Established: 1975

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:2,300
  • Lot Size:N/A
  • Total Number of Employees:7
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The Business operates in approximately 2,300 sq. ft. building. The roof is new, vinal siding on the exterior is in good shape with plenty of street parking. Seating for 62 people, 26 stools at the bar and 26 chairs at the tables. There is a house next to business that is for sale as well. This home was built in 1940, 3 – 4 bedrooms with one bathroom. Furnace and water heater was replaced 3 years ago. Home comes with a privacy fence (from the bar). This is a perfect opportunity for the new owners to be close to the business or use as a rental property for additional revenue.

Is Support & Training Included:

Selling willing to train new owner at no cost to them.

Purpose For Selling:

Moving, Health

Additional Info

The company was founded in 1975, making the business 47 years old.
The deal shall include inventory valued at $4,000, which is included in the listing price.

The company has 7 employees and resides in a building with approx. square footage of 2,300 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals decide to sell businesses. Nevertheless, the genuine reason and the one they say to you may be 2 totally different things. As an example, they might state "I have too many various obligations" or "I am retiring". For many sellers, these factors stand. But also, for some, these may just be justifications to try to conceal the reality of transforming demographics, increased competition, current decrease in revenues, or a variety of various other reasons. This is why it is very vital that you not rely absolutely on a seller's word, yet instead, make use of the vendor's answer together with your overall due diligence. This will repaint a more practical picture of the business's current circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies borrow money with the purpose of covering things such as stock, payroll, accounts payable, etc. Keep in mind that sometimes this can mean that profit margins are too thin. Lots of companies come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that should be met or might lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location bring in brand-new clients? Most times, companies have repeat clients, which create the core of their day-to-day revenues. Certain variables such as new competitors sprouting up around the area, road building and construction, and employee turnover can affect repeat consumers and also adversely affect future earnings. One vital point to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business often, the greater the opportunity to build a returning customer base. A last thought is the general area demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? Just how might the regional median household earnings influence future income potential?