Asking Price: $275,000 Gross Revenue: $885,113Cash Flow: $98,250 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $20,000 not included in asking priceFF&E: $50,000 included in asking priceReal Estate: $700,000 not 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 is your opportunity to own a smoking hot restaurant and venue specializing in award winning barbeque, steaks and seafood. This is not your ordinary, run of the mill barbeque place. The Seller has invested heavily in developing a beautiful outdoor area that is used for additional seating, meetings and events from weddings to corporate outings. A full-service catering department rounds out this tremendous opportunity, leaving a new owner with multiple areas to continue growing revenues.
Top of the line smokers and a trained kitchen staff allow for the barbeque to be made fresh daily; which is evident in the restaurant’s reviews and ratings. Patrons come from miles away to enjoy the atmosphere and award winning food.
Business is available for sale with the real estate for an additional cost. Some seller financing is available to a qualified buyer. This is a good opportunity for a visa buyer. Revenues are up for 2018 and listed figures are annualized based on 2018 YTD sales. For additional information contact Herb Stewartson at 941-524-1998. Broker is Florida Business Exchange, Inc.
About the Business
Number of Employees:
Building Sq. Ft.:
Indoor seating for 50+, full liquor bar, covered outside seating area for 80+, unique outdoor open area for gatherings and events.
Offering a significantly better product than similar restaurants in the market along with a greater menu variety.
Growth & Expansion:
The business currently has a growing catering business. This offers a huge growth potential to a new owner.
Busy Award Winning Barbeque Restaurant with Venue and Catering
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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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