Steadily Growing Bar & Grill Near Springfield, MO

Highlights of Business
• Very professionally managed business
• Steady growth since opening
• No competition in area
• Immediate profitability – take over one day, be profitable the next
• Clean books and records
• Several ways to grow the business further
• Beautiful, clean, upscale premises
• Business qualifies for SBA financing which means lower down payment and longer terms
• Seller will sign a non-compete agreement
• Plenty of parking

History
The business was established in 2022. The business has grown steadily because it is professionally managed, but also due to the fact that it is located in an area that is developing very rapidly, and where there is no competition. It’s a long drive to the next bar. There is not even any space in the area that could be used for a bar. A new building would have to be built to house a competitor.

Operations
Approximately 30% of sales come from liquor and 70% from food.

The owner’s spouse works approximately 20 hours per week, making deposits, record-keeping with Quickbooks, scheduling, and ordering. There is no other designated manager.

There are two new businesses opening soon nearby. Together they will add well over 100 employees to the area. The seller expects lunch traffic and happy hour business to increase substantially when they open.

Down Payment: $34,250

Total Sales: $667,781

Cash Flow: $130,548

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

Accounts Receivable Included: No

FFE: $75,000

FFE Included: Yes

Inventory: $10,000

Inventory Included: Yes

Year Established: 2022

Non-Owner Payroll: N/A

Real Estate: N/A

Monthly Rent: $2,080

Square Footage: 2400

Relocatable: No

Facilities Information:

The business operates from approximately 2400 sf space.

Reason For Sale:

Owner has taken a new position with his employer that will require much more travel.

Training & Support:

The seller will provide 2 weeks of training at no additional cost.

Competition:

There is no competition in the area.

Potential Growth:

There are several ways the business could be grown further, including extending evening hours, pay for some advertising, set up a website for the business, and/or add some live entertainment on weekend evenings.

Financing/Terms:

This business qualifies for SBA financing, since it has good books and records, and is priced attractively for its Discretionary Earnings.

SPECIAL SBA PROVISIONS EXPECTED TO CONTINUE UNTIL SEPTEMBER 30, 2023
The SBA historically has charged a guaranty fee of approximately 3.5% of the guaranteed portion of the loan, which is 75% of the total loan. The guaranty fee is added to the loan.
Currently, there is no guaranty fee on loans up to $500,000.

On this business, the savings in guaranty fees is approximately $8,092 as long as the current attractive SBA guaranty fee provisions remain in place.