Asking Price: $225,000 Gross Revenue: $500,000Cash Flow: $80,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $10,000 not included in asking priceFF&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.
This very popular and long-standing Diner is for sale. They have been in this location for decades and by this owner for 10 years. This is located in an area is that is fast developing with new apartments, homes, and retailers opening up. The sales are close to $500,000 with profits over $80,000. This is open for breakfast and lunch only, so the owner has every evening to do as they please.
The area has loans at 3% interest for local businesses that might work for a new buyer
The Sale is HIGHLY CONFIDENTIAL- all interested parties will be required to sign the Confidentiality agreement
About the Business
Grove City, Ohio
Building Sq. Ft.:
$1,470.00 Per Month
This diner is 2201 Sq. ft and features a dining room that seats 95, kitchen with hood, and a full basement for storage. Sale includes Name, recipes, and all FF&E, Inventory is about $10,000 purchased outside sale.
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.