Listing ID: 81542
Great Established Round Lake Bar w/Kitchen and Video Gaming For Sale.
Turnkey Business–Only Outdoor Beer Garden in Town- Located Directly across from Metra Train Station—Has a Full Kitchen—–Bar is approximately 1700 sq ft
Solid Food and Beverage Sales–Over $9K per month Net Gaming Revenue.
- Asking Price: $160,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,700
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Great Bar---Plenty of Parking Great Location Directly Across from Metra Train Station.
This Business Is An Established Franchise
The company was established in 2017, making the business 5 years old.
The business has 6 employees and is located in a building with approx. square footage of 1,700 sq ft.
The property is leased by the business for $2,500 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell businesses. However, the real reason vs the one they tell you might be 2 totally different things. For instance, they may say "I have too many various commitments" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may simply be reasons to try to conceal the reality of altering demographics, increased competition, recent decrease in revenues, or a variety of other factors. This is why it is really essential that you not depend absolutely on a seller's word, but rather, use the vendor's answer in conjunction with your overall due diligence. This will repaint a much more sensible image of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses borrow money with the purpose of covering points like inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can suggest that revenue margins are too tight. Lots of organisations come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that need to be fulfilled or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract brand-new customers? Most times, businesses have repeat consumers, which develop the core of their day-to-day earnings. Certain variables such as new competitors sprouting up around the area, roadway building and construction, as well as employee turn over can affect repeat consumers as well as adversely affect future profits. One crucial point to consider is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business often, the higher the opportunity to construct a returning consumer base. A final thought is the basic area demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? How might the neighborhood mean house income impact future revenue prospects?