Asking Price: $250,000 Gross Revenue: $167,226Cash Flow: $88,518 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $3,500 included in asking priceFF&E: $140,000 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.
This is a unique intimate, modern lounge offering cocktails, beer and a light food menu in a low-lit, chill setting. Live entertainment is also featured in the form of a DJ and Jazz Bands. The location is excellent as it is near several residential communities and a high concentration of businesses. And, there are no other restaurants or bars in the area that offer a similar combination of food, drink and entertainment. The business appeals to the local adult population in every age group.
About the Business
Cobb County, Georgia
Number of Employees:
1 FT/3 PT
The property is leased and the furnishings, fixtures and leasehold improvements are in excellent condition since the business opened in July, 2017. The owner paid for a complete build-out of the building as the building was mostly an empty shell. Plumbing and electrical wiring had to be installed. And, the HVAC system required major repairs. The combination of seating, lighting and other furnishings create a very relaxing and comfortable environment. The building is a 2-story structure with 3,300 sq. ft. on each floor. Currently, the second floor is not being used, so there is plenty of extra space for expansion.
Growth & Expansion:
Growth potential is outstanding. The business has been open since July, 2017 and the owner has had limited time to devote to the business due to another business commitment and increased family responsibilities. Marketing and advertising could be increased. Food service and the menu could be expanded, as well as the hours of operation. Lunch could be offered as the location is near several local businesses and residential communities. More local business functions could be hosted. And, with 3,000 sq. ft. of unused space, several possibilities exist for growth and much larger events could be hosted.
Cafe, Bar & Lounge-Unique Concept-Strong Growth Potential
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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
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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