Asking Price: $499,000 Gross Revenue: $1,100,000Cash Flow: $200,000 (Seller's Discretionary Earnings) EBITDA: 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.
SELLING PRICE: $499K with SBA financing readily available with $100K cash.
LEASE: $5,700/mo gross (6% of sales) YRS. LEFT: 10+5+5
SQUARE FOOTAGE: 3,900 sf. + 4,000 sf. in clean, dry basement
HOURS OF OPERATION: 6AM - 8 PM, 7 days...strong catering & pick-up in evening.
SEATING: 99 seats
COMMENTS: Bldg. is fully sprinkled. Large municipal pk'g lot next door. This is a beautiful place with long successful history. Fully renovated 3 yrs. ago...everything is 'NEW". Huge basement with 2 walk-ins and loads of storage space. They have an excellent catering business that you'll inherit for even more sales and profit. FULL LIQUOR LICENSE AVAILABLE.
NETTING OVER $200K PER YEAR!
Call Dennis to tour 617-721-9655 or email: DSerpone@comcast.net
About the Business
99 SEATS WITH ADJOINING DINING ROOM...GREAT FOR PRIVATE PARTY
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.