Asking Price: $385,000 Gross Revenue: $850,000Cash Flow: $170,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed included in asking priceFF&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.
Located in an affluent Summit in Union County and best known for its creative cuisine and welcoming vibe, brought this immediate popularity with locals and foodies when it hit the dining scene. 100% turnkey and features al fresco. For customers' convenience, there is ample parking, train station and easy highway access. The sale of this profitable restaurant includes the business, lease, over $500,000 lease hold improvements, furniture, fixtures and equipment. This is truly a rare opportunity to own one of Union County’s finest restaurants.
Operating & Successful Restaurant
Triple AAA location
Long term lease
Close to Train
Garage Parking nearby
Summit Township is business friendly
No Brokers Please
Not Actual Photo for confidentiality
About the Business
Summit, New Jersey
Number of Employees:
Building Sq. Ft.:
$28.00 Per Month
Over$500,000 invested in fixtures, A/C Heating / Electrical, Equipment upgrade No Brokers Please
Unique concept plenty of room for growth No Brokers Please
The information on this listing has been provided by either
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
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.