Asking Price: $595,000 Gross Revenue: $1,814,376Cash Flow: $278,695 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $40,000 not included in asking priceFF&E: $290,000 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.
This business has been in operation over 30 years and still has growing Owner Benefits averaging over $250k for the past five years. Highly regarded, with many accolades, this restaurant is a destination location for its high quality cuisine and service. Interior upgrades have taken place over the last three years and key kitchen upgrades in the last six months. Commercial and residential development is underway in the area. The lease is under 6% and food costs are 30-32% of gross revenue.
About the Business
Number of Employees:
Facilities include seating for approximately 120 which includes the bar area, main dining area and an additional dinning room which can also host up to 40 people for private events. Equipment typical of an established, full-service restaurant and bar included.
This destination restaurant is established in the region and unique in it’s offering. Competition in this cuisine category is minimal.
Growth & Expansion:
Continued growth opportunities include basic efficiency efforts in food and other overhead costs.
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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