Asking Price: $950,000 Gross Revenue: $1,125,000Cash Flow: $348,150 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $30,000 included in asking priceFF&E: $100,000 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.
This is a very profitabe country western nightclub located in the Clear Lake area. They have the longest bar in Texas of 120 feet, according to the seller. There are approximately 20,000 square feet. They have a cover charge for 18 to 20-year-olds of $5.00 and 21 years of age and older of $10.00. The seller states they have between 500 and 600 customers per night. Open only 2 days per week on Friday and Saturday nights. The bar offers mechanical bull rides, 5 giant projector screens, many TV’s for games, pool tables, etc. There are also many serving stations and available seating for 250 customers. The bar offers $2 tacos. There is room for a kitchen if so desired by a new owner. The ATM machine belongs to the bar. All the equipment is significant and is paid for. A must see to appreciate. The bar offers mixed drinks as well as beer and wine.
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