Asking Price: $149,000 Get FinancingGross Revenue: $426,563Cash Flow: $72,989 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed 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 is a fantastic restaurant located on a busy street in Albany. It has been owned and operated by the same owner for the past 29 years. It's time to retire!! The look and feel of the restaurant is very authentic. Ordering is done at the counter and food is cooked in a exhibition kitchen with a full hood. There is a prep kitchen in the back. The seating is comfortable in the front and there is a nice outdoor patio. Food is traditional Mexican and offers a good value to the community. This is a very stable restaurant that can be kept as is or converted to any other concept. The lease is very favorable:
Term to 10-31-23 + one (1) five year option. Rents are fixed throughout the lease. Rent including NNN is currently $4,635 monthly with 3% increases annually including NNN. Some posters are excluded. Price Reduction.
About the Business
Great open kitchen and wonderful design
Albany is a strong market for daytime and night time customers
Albany restaurant est. 29 years convert to any concept
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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
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