Asking Price: $375,000 Gross Revenue: $1,100,000Cash Flow: $322,000 (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.
• TYPE OF BUSINESS: Restaurant/Sports Bar and Grill
• LOCATION: Burlington area
• SELLING PRICE: $375K
• DOWN PAYMENT: $175K
• SALES VOLUME: $18K-$22K/WK
• LEASE: $7K/mo. (includes NNN)
• YRS. LEFT: New lease including Right of First Refusal
• SQUARE FOOTAGE: 3,000 sf. + 1,000 2nd Floor Function Room and Office
• HOURS OF OPERATION: 11AM - 1 AM
• SEATING: 240 seats both inside and patio overlooking lake
COMMENTS: MAKE YOUR MONEY BACK THE FIRST YEAR! This unbeatable location NETS OVER $322,00 per year and has absolutely everything you need to succeed!
Beautiful views of a lovely Lake wrap around property. Two bars downstairs and one in function room upstairs. Pool tables and live bands on weekends. You will not find a cleaner restaurant as owner just completed a six-figure remodel including all new bathrooms, new flooring, booths and tables. Owners are absentee and just too busy with other business ventures to be on premise to maximize sales. NETS OVER $320K
About the Business
Building Sq. Ft.:
Waterfront views wrap around 3/4 of property creating stunning lake views inside restaurant through many huge windows. Outside patio seating also wraps around property bringing in sun-seekers by the droves during warmer months. Absolutely pristine dining room build out. A must see!
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.