Business Overview

Here’s a once in a lifetime opportunity to own a thriving, renowned bar/restaurant/bowling alley! Known for the “Best Pizza in the Northland”, the Blueberry Bowl offers dining, bar/lounge, and bowling center. The current owners have made countless upgrades to the business including remodel of the bar and dining areas, remodel of the bowling center, new returns, monitors, machines, pin setters, pins, etc…the list goes on and on! Most importantly, the owners have consistently built the business with strong revenues. With 5 bowling leagues, 4 dart leagues, bean bag league, and a volleyball league, this business holds a captive clientele all year long! Located on an 6+/- acre corner lot, with plenty of room for expansion, at State Hwy 6 and Golf Course Rd, this business captures cabin goers, fishermen, hunters, campers, golfers, etc…and a tremendously loyal local following. Don’t let this opportunity pass you by!!

Financial

  • Asking Price: $1,100,000
  • Cash Flow: N/A
  • Gross Revenue: $950,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1986

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:11,160
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A

Additional Info

The venture was founded in 1986, making the business 36 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals choose to sell businesses. Nonetheless, the true reason vs the one they tell you might be 2 completely different things. For instance, they might state "I have a lot of other commitments" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might simply be excuses to attempt to hide the reality of transforming demographics, increased competition, recent reduction in incomes, or a range of other factors. This is why it is really essential that you not depend totally on a vendor's word, but rather, make use of the vendor's response in conjunction with your total due diligence. This will repaint a much more sensible picture of the business's current situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses take out loans with the purpose of covering things such as supplies, payroll, accounts payable, and so on. Keep in mind that occasionally this can mean that revenue margins are too thin. Lots of businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that need to be satisfied or might result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area bring in brand-new clients? Many times, businesses have repeat clients, which develop the core of their everyday profits. Specific factors such as brand-new competition sprouting up around the area, roadway building and construction, and also staff turn over can affect repeat customers as well as negatively influence future earnings. One vital point to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business regularly, the higher the chance to develop a returning consumer base. A last idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the local average family earnings influence future revenue prospects?