This is a well established Bar/Restaurant in a great area. Casual cool gastro pub in Penn's Landing // Society Hill area with four-five star Yelp reviews. Ornate Antique Bar with multiple taps. Intimate outdoor space with twinkle lighting, TV's & heaters. Turnkey operation with mostly new kitchen equipment and new POS hardware with recently updated software. Furniture, fixtures and Liquor License included. A new owner can improve business by doing advertising & promotions that the present owner, doesn't do. Bar is 40% of sales and Rest. is 60% of sales. This is an opportunity to add your special touch to this highly reviewed and rated fusion Bar/Restaurant or to start fresh. Contact Gary Hersh (Bar/Restaurant Specialist) 215-322-2800 or email: email@example.com // Website: www.hershassociates.com
This is a Great Opportunity for an experienced Bar/Restaurant owner for a 2nd place in a great neighborhood(Center City). The Liquor Licenses alone are 195,000.00 - $220,000.00 in Philly, PA. If you want to get into the Food/Beverage business and you have no experience, the present owners will teach you.
The owners are relocating to another area to be close to family.
Owner will stay on for 2 weeks for a smooth transition.
Depends on Buyer...
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Asking Price: $340,000 Gross Revenue: $495,000Cash Flow: $100,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $5,000 not included in asking priceFF&E: $235,000 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.
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