Listing ID: 66686

Business Overview

Well Established and Highly Successful Neighborhood Bar and Grill
– Located on Spokane’s South Hill
– Highly Visible Location
– Consistent High Volume Sales and Profits
– Featured on Diners, Drive Ins and Dives with Guy Fieri Twice
– 2,300 SF with Large Outdoor Patio
– Attractive Lease with Almost 11 Years Remaining in Options to Extend
– Full Kitchen and Extensive Equipment Included. Contact Listing Broker for
Equipment List
– Turnkey Operation with Great Recognition and Systems in Place

Financial

  • Asking Price: $550,000
  • 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
Established Franchise:

This Business Is An Established Franchise

Additional Info

The property is leased by the business for $0.00

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell businesses. Nonetheless, the real factor and the one they say to you might be 2 totally different things. As an example, they may state "I have too many other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may simply be reasons to try to conceal the reality of altering demographics, increased competitors, recent decrease in profits, or a variety of other factors. This is why it is extremely important that you not count completely on a vendor's word, but rather, use the seller's solution along with your general due diligence. This will paint an extra reasonable picture of the business's existing situation.

Existing Debts and Future Obligations

If the current company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses finance loans in order to cover items such as supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can suggest that revenue margins are too small. Numerous businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that need to be satisfied or might result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location bring in new consumers? Often times, businesses have repeat customers, which create the core of their daily earnings. Particular aspects such as new competitors sprouting up around the area, road building, as well as staff turnover can influence repeat clients as well as negatively impact future profits. One crucial point to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business on a regular basis, the greater the possibility to build a returning customer base. A final thought is the basic location demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the local median family income effect future earnings prospects?