Asking Price: $375,000 Gross Revenue: $1,200,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed 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.
Outstanding Chef Inspired Restaurant & Bar with prime corner location. This Montague Custom cooking suite is designed with a modern open kitchen. The space currently has an elegant but minimalist look and feel with top-notch finishes and a lovely seasonal patio. Sales and profitability could be grown by expanding the operating hours. The space is ideal for many concepts. The Seller is motivated and wants to see offers.
FACILITY: Top-notch build-out and design
PARKING: Street Parking Available
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: 6 years remaining with one (1) five-year option
BASE RENT: $6,750 NNN (Rent increases 3% each year)
CONCEPT: Full Service Restaurant
SIZE: 1,500 square feet plus small basement
SEATS: 51 inside, 12 outside
HOURS: Closed Mondays- Open for dinner Tues-Sun & Brunch on Sundays
LICENSES: Full Liquor License (12:00am)
SALES: $1,200,000 per year (70% food, 30% alcohol)
Chef Inspired Restaurant & Bar in Prime Corner Location
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.