Asking Price: $299,000 Gross Revenue: $597,000Cash Flow: $122,400 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $150,000 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.
Imagine the bar in Cheers. A comfortable place with and a great vibe. A place you look forward to visiting,whether alone or with friends. Now, imagine this bar in the most vibrant area of Northern Colorado. People of all ages are enjoying the area’s museums, shops, and music venues. Now, imagine yourself as the owner of this bar. It’s possible.
Since it’s opening, this bar has been a gathering place for people of all ages. The design and furnishings are elegant without being fussy. The well-stocked bar (including many local beers on tap) and great food menu, makes this the place to be.
This business is a turnkey opportunity. The furnishings and equipment are all top rate, giving a new owner a great foundation on which to build. The seller has negotiated an excellent lease which has 8 ½ years to go. Since the seller does not work in the business on a daily basis, a new owner who is working in the business should find many opportunities to increase revenues while reducing expenses. If you’ve dreamt of having a bar in a great college town, you shouldn’t delay. Recent changes to SBA rules makes it easier than ever to own your own business.
About the Business
Building Sq. Ft.:
2000 Sq Ft fully renovated space with top of the line furnishings and equipment.
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.