Business Overview

This is an established up and running restaurant and bar, with 8 excellent employees.
There is a 500 sq ft kitchen. with 1200 sq ft Dining room / Bar that seats 50.
Private parking lot for approximately 20 cars and unlimited roadside parking.
Perfectly located and set up for entertainment, being located on the Deschutes river, with an outdoor deck and seating area of 1000 sq ft that seats 50, an outdoor stage for concerts, and a firepit area that has seating for 50 plus people.
This restaurant has a very cozy, fun, and welcoming atmosphere.
Lottery can be added, but may need some construction to do so.
SELLER FINANCING IS AVAILABLE for qualified buyer.

Financial

  • Asking Price: $295,000
  • Cash Flow: N/A
  • Gross Revenue: $686,773
  • EBITDA: $149,060
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2014

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,700
  • Lot Size:N/A
  • Total Number of Employees:8
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Fully functional for intended use.

Is Support & Training Included:

Yes

Purpose For Selling:

Retirement

Established Franchise:

This Business Is An Established Franchise

Additional Info

The company was founded in 2014, making the business 8 years old.

The business has 8 employees and is situated in a building with approx. square footage of 1,700 sq ft.
The real estate is leased by the business for $2,000 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals resolve to sell businesses. Nevertheless, the real factor and the one they say to you might be 2 totally different things. For instance, they may claim "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may simply be justifications to try to hide the reality of changing demographics, increased competitors, recent reduction in incomes, or an array of other factors. This is why it is very important that you not rely completely on a seller's word, yet instead, make use of the vendor's answer together with your total due diligence. This will paint a much more realistic image of the business's existing situation.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses take out loans with the purpose of covering items such as stock, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that earnings margins are too thin. Lots of companies fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that have to be satisfied or may lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area attract brand-new consumers? Many times, operating businesses have repeat clients, which create the core of their daily earnings. Particular elements such as new competition sprouting up around the location, roadway building and construction, and staff turnover can affect repeat consumers and negatively impact future incomes. One important point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business regularly, the better the possibility to build a returning consumer base. A last idea is the basic area demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? How might the neighborhood average house earnings impact future revenue prospects?