Asking Price: $370,000 Gross Revenue: $1,000,000Cash Flow: $160,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&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.
This Ocean-front restaurant & bar is simply located in a dream location! This classic Italian Sea Food & Grill is a fantastic money-maker but is still capable of increasing sales and profit under new ownership. Offering great food and excellent service, this restaurant has three distinct dining experiences: classic dining room, lounge & Ocean-front patio, minimal changes would be required to launch this into the next level of income. Consistent and professional, this establishment has built its reputation among residents and enjoys a robust influx of tourists during season. Consistently top-rated in classic publications, they also utilizes social media but this is also an area where improvements could increase sales even more. Open 7 days a week, with live music on week ends, great opportunity to develop the private party room business for wedding and family events. Aggressively priced for a quick sale, this absentee owner restaurant will not last !
Beautiful Profitable Ocean Front Full Service Bar & Restaurant
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