Sunbelt Business Brokers of New Orleans presents this 23 year old busy dive restaurant for sale in metro New Orleans, LA. Business is located on the west bank of New Orleans, LA. Business can seat approximately 40 people and leases a space of approximal 1,150sqft. Restaurant is a popular stop for local workers in the area looking to stop in quickly and get a good home cooked meal. Restaurant has good visibility from a main 4 lane hwy it is located on. Business is a great owner operator opportunity with no super late or early morning hours. Menu is limited so food costs can be kept down to increase profitability.
Owner has decided to sell to pursue other interests. Seller will help train and transition new owner into this easy to own and operate business. Seller may consider some owner financing for a qualified buyer with a proper down payment. Contact us today for more information on this busy dive restaurant for sale. Come meet the owner, taste the delicious home cooked food, be impressed and make offer!
Asking Price: $195,000 Gross Revenue: $534,000Cash Flow: $65,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $4,500 included in asking priceFF&E: $25,000 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.
Busy Dive Restaurant For Sale in Metro New Orleans
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or stake in the sale of this business and has not verified any of the information
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