Asking Price: $299,000 Gross Revenue: $1,056,000Cash Flow: $170,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed 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.
Catalan is a Mediterranean themed restaurant in the heart of Rancho Mirage just a mile and a half from The Ritz Carlton. They specialize in bringing forth tastes from Spain, Italy and California. Catalan believes in creating an exceptional farm to table dining experience by using the finest and freshest ingredients available and supporting the local farmers and fishermen when possible. . The main dining has a rustic yet modern feel to it with high ceilings that contrast beautifully with tables made of reclaimed wood and French glass doors enclose a European style courtyard. There is an adjacent Boqueria Bar that offers Nightly Happy Hour and specializes in their in house signature drinks. Catalan has won multiple awards including “Best Fine Dining in Rancho Mirage & Best New Restaurant in Palm Springs”
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