Asking Price: $3,000,000 Gross Revenue: $2,100,000Cash Flow: $650,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $20,000 included in asking priceFF&E: $150,000 included in asking priceReal Estate: $2,200,000 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.
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 is one of the state’s premier oceanfront hospitality destinations and a sought-after venue for weddings, corporate events, and private functions. A new 850+/-SF rooftop oceanfront deck was added prior to the 2018 season. With 100+/- feet of ocean frontage, seating for over 250 guests, multiple function rooms and outdoor seating, this facility is one of the most appealing and versatile restaurants in southern Maine. Opportunities exist to enhance the revenue stream. The new rooftop deck with outdoor seating for approximately 60 and indoor/bar seating for 40 has just started to be promoted. Day-to-day management is in place, making this opportunity an exceptional acquisition for a synergistic acquirer.
About the Business
Number of Employees:
12 FT / 15 PT
Building Sq. Ft.:
The half-acre +/- property features incredible ocean views and a two-story facility of approximately 10,000 +/- square feet capable of seating over 250 guests. The restaurant has several function rooms, which are able to accommodate a range of functions. The new 850 SF rooftop deck is a game changer. Currently, the business is closed during January and February. The facility has ample on-site parking.
The company’s current market area is expected to provide exceptional growth opportunities for many years into the future. There are few oceanfront competitors in the region with the flexibility of indoor and outdoor dining space. The company has a solid market share that can be expanded.
Growth & Expansion:
Ownership believes that a redesigned internet/social media presence will enhance revenue growth. An acquirer could promote the new upper level roof-top deck. The facility has been carefully developed to date. The business has a strong management team and is now poised for future growth.
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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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