Asking Price: $595,000 Gross Revenue: $1,550,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed included in asking priceFF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
DO NOT CONTACT STAFF or DISCUSS PURCHASE with any employee of the Tavern. CONFIDENTIAL. Full Financials, Equipment List, Lease Terms, etc Available with NDA and Completion of Vetting Document.
Highest volume restaurant/bar in Blue Ridge featuring scratch made tavern fare, billiards, shuffleboard, darts and two full service bars. Casual atmosphere with amazing outdoor seating, dog friendly seating and great tourist and local following. Exceptional year over year growth with great margins. Consistent upkeep and maintenance means there's little to do but come in and take over. Assume competetive lease with built in leasehold improvements. New flooring being installed.
Tuesday trivia nights draw great crowds year 'round.
Main dining room seats 40+. Outdoor deck seats 50. Bar 1 seats 14. Bar 2 seats 4. Additional patio seating has 16 seats plus barrels for standing. Great college and NFL crowds.
Over 1.5MM in annual sales while only open 5 days a week. Expand hours, expand menu and increase revenue immediately.
Strong following on Facebook/Twitter/Instagram with more than 4.5K viewers.
About the Business
Building Sq. Ft.:
$1.28 Per Month
3500+ sq feet not including deck. Class 1 hood w 2 vent fans. Sale includes all FF&E. Opportunity to modify current structure to add retail store.
Competitors exist however competition is very segmented (locals only, high end customers, etc.). Current demographic includes locals, tourists, high and budget customers. Town continues to expand with "off season" (normally January and February) reducing each year through excellent marketing by city planners - adding festivals etc. Scenic Railway brings in an est. 100,000 tourists per year.
Growth & Expansion:
Each year we make a plan to improve topline revenue and/or margin. Expansion of hours/days of operation, expansion of menu, addition of retail store, etc. are opportunities for additional growth.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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