Asking Price: $550,000 Gross Revenue: $2,000,000Cash Flow: Not DisclosedEBITDA: 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.
Two Restaurants completely renovated and remodeled side by side For Sale one Block from City Center and Movie Theater in the biggest city outside NYC in Westchester County. Stores are located on the center of a busy block that hosts over Ten other busy Bar/Restaurants and is a destination area for night life bar hoppers. The block is busy for Lunch,Dinner and Night life as its the busiest and most popular Restaurant dining area outside NYC and is busier than most NYC blocks.All Bar/Restaurants do excellent business year round on this block. Metro North Train is only two blocks away. .Lots of new residential buildings currently been built only one block away and the population is growing fast. Long Lease remaining. Over 8,000 Sq Ft with both stores combined + Back Yard Beer Garden & Two separate outdoor Café's during the warmer season. Just under 400 person occupancy combined. Both Bar/Restaurant's have a private party room area. Lots of municipal parking lots directly across the street and One Multi level parking lot at the rear of the building beginning at the property exit. Hardwood Floors and modern trendy bathrooms. Kitchen fully equipped and all equipment owned. 16 Electronic Pull down Big Screen TV's for Sports Games and 20 Plasma TV's for regular TV viewing for a more relaxed ambience. Online Take Out delivery service. Full size basement and lots of storage room with Two Walk in Freezers and Four Walk in Coolers for Food and Beer. Two private manager offices. Micros Positouch System with 12 Terminals combined. Staff Lockers and private bathroom. Completely up to City and State code Sprinkler and Fire monitoring systems hooked up to the local Fire Station by a Fire Alarm monitoring system. Renewed up to date Health Department Food sellers permit. Established Social media accounts with Tens of Thousands of built in local followers. This is a turn key operation.Both Restaurants have been established for 12 to 15 years and are both popular with the local community.Owner has other Restaurants and not enough time to grow all stores to their maximum potential so these stores are priced for quick sale.
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