Well established diner for many years with loyal customer base. Located in strategic & busy location. Owner is absentee and does not handle day-to-day operations as he has a manager in each location. Very lucrative turn key opportunity generating a strong income to the new owner with possibilities to increase income more. Don't miss it!
About the Business
Number of Employees:
Spacious 5,600 sq/ft dining facility with seating inside & outside. Total rent: $13,866/mo. Current lease expires in 2020 + 2(5) year options to renew (2030).
Growth & Expansion:
Possible by adding alcohol license & doing more advertising & marketing online.
Asking Price: $750,000 Gross Revenue: $1,184,188Cash Flow: $317,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $20,000 not 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.
Absentee Owned Very Profitable Restaurant - Manassas Location
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