Asking Price: $1,195,000 Gross Revenue: $1,250,000Cash Flow: $220,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $5,000 included in asking priceFF&E: $150,000 included in asking priceReal Estate: $1,300,000 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.
JUST REDUCED BY OVER $400,000 PRICED TO SELL AND UNDER APPRAISAL
This is first time this property has been on the market for 42 Years and has been under same ownership and now ready to retire, Great opportunity to take over this existing business with is truly turnkey and has done over $1+ million in sales for the last 7 years.
The owner does not work in the business. One business partner works the admin for the business and they keep great records all on quick-books.
OWNER WILL CONSIDER HOLDING MORTGAGE WITH MINIMUM OF 50 PER CENT DOWN.
The building has been maintained to a high standard and the restaurant is fully equipped, fully staffed including a manager, also has POS system, and 18 camera security web based system to monitor business online.
Property consists of 1.76 Acres of land with a 5413 sq foot Restaurant plus a separate detached building of 437sq ft. That can be used as accommodation.
Car parking for 45 plus large area of land for overflow parking. Can accommodate around 100 vehicle total.
Licensed for 233 persons with Full 4 cop Liquor license.
Separate room with banqueting facilities for up to 80 person.
Located on busy road in Ocala with good signage Closed on Mondays.
Opens 11.00AM - 9.00PM/ 10PM ON FRIDAY AND SATURDAY
Potential to open both for breakfast and on Mondays to increase sales and profit.
Busy Restaurant In Ocala with Real Estate - JUST REDUCED
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.