Asking Price: $825,000 Gross Revenue: $232,589Cash Flow: $103,477 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: 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.
Welcome to the Chincoteague National Wildlife Refuge and Assateague Island National Seashore on Virginia's eastern shore with 37 miles of unspoiled beaches, the most in Eastern US. A special place on the Delmarva (Delaware, Maryland, and Virginia ) Peninsula that is a favorite destination of the Philadelphia, New York City, Baltimore and DC markets to the north and the Norfolk, VA metro markets from the south.
About the Business
Two buildings on two separately deeded parcels for a total of 1.5+/- acres. Two sitting rooms with fireplaces, dining room that seats 18-20 people. 24/7 snack bar for guests. Brick patio/courtyard with a fountain. Eight sleeping rooms plus one Royal Suite, all with private baths and wifi throughout the buildings.
Great location: A convenient byway stop on the Delmarva Peninsula heading towards the Chesapeake Bay/Bridge Tunnel *Small weddings a specialty * A variety of outdoor activities and attractions nearby
Growth & Expansion:
Located on the eastern shore, more and more people are avoiding the I 95 corridor and driving down through the Delmarva Peninsula. This increase in traffic has provided an increase in business for those conveniently located along this corridor. With focused marketing efforts, this presents a great opportunity to showcase Chincoteague as the quality destination that it is providing increased cash flow for your business.
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.