Asking Price: $100,000 Gross Revenue: $194,857Cash Flow: $34,320 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $5,000 included in asking priceFF&E: $40,000 included in asking priceReal Estate: Not Disclosed Share 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.
Well established delivery and carry-out only steakhouse in East Fort Worth is available for acquisition. This business was originally established over two decades ago in 1995 and was later acquired by the current owner of the business in 2000. Most of the customers are middle to upper-class individuals that vary depending on which apartment complex or densely populated residential neighborhoods that requests for delivery services. Which covers mainly all of Tarrant county. Net sales average is $220,000/year that has been steadily increasing each year as the population of the area grows and individuals have access to more disposable income. Although delivery services has brought ample amount of business to this steakhouse, other proactive marketing tactics needs to be fully utilized to generate more cash flow and acquire new customers from outside the immediate market area. Competition can be expected for this business industry, but this business has a competitive price point that is more attractive than the competition while also providing delivery service within the local area. There are many ways to proactively market this business such as direct mailing, flyers, social media outlets, coupons, daily specials and having in-house delivery service. Delivery service that is provided in-house will allow this business to cut the extra expenses using 3rd party delivery services along with having more control on quality of the service. This business has everything in place for a potential buyer to proactively market the business while being fully involved in the day-to-day business operations.
Listing ID #000682
For more info, please call Stephen Lee at 1-866-519-2421.
About the Business
Fort Worth, Texas
Number of Employees:
This business is located in a 1,300 SF retail strip center surrounded by numerous retail businesses that bring immense traffic throughout the day to the intersection. All equipment is in impeccable condition and in working order.
Few competitors are within the immediate market area, but this business competes with competitive price points on their menu items and exclusively does delivery in the area.
Growth & Expansion:
Some marketing is done through delivery services, but other proactive marketing methods is needed to grow the business further and reach full potential.
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
full Terms & Conditions.