Asking Price: $350,000 Gross Revenue: $272,000Cash Flow: Not DisclosedEBITDA: $57,854Inventory: $2,500 not included in asking priceFF&E: $25,000 included in asking priceReal Estate: $245,000 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.
Offered is an iconic long established drive-thru restaurant owned and operated by the same family for over two decades. Ideal opportunity for a person (or couple) seeking a turn-key food service business that has cash flow from first day and comes with a fully remodeled single-family home on the same property to boot. This business is not complicated to operate and is well known in the community where it is located. It has a loyal following who have provided sustained sales over many years.
As is the case with where we are blessed to live, this is a rare chance for a lifestyle change and an opportunity to exit the fast lane of life and enjoy wonderful people, beautiful scenary, and abundant outdoor activities. Don't wait, inquire now.
About the Business
Number of Employees:
2 FT, 3 PT
Building Sq. Ft.:
This is a wonderful opportunity for someone who has a desire to own a manageable restaurant with established clientele and cash flow that comes with a fully remodeled and distinctively updated bungalow style home complete with all new appliances. If you are looking to live in beautiful East Tennessee so you can enjoy the tremendous outdoor activities and great people, you owe it to yourself to one of the first to check out the opportunity.
Little direct or nearby competition. Location is an icon and well known, so is the excellent food and a real value. This may be an older business but the owner has been smart enough to invest in property and equipment upgrades. Maintains a 100 rating from Health Inspector. More details in the Confidential Business Summary.
Growth & Expansion:
This business can grow just by tweaking the menu and marketing directly to the surrounding home occupants to capture more of the money they spend eating out. Ideas for business more revenue will be in the Confidential Business Summary provided only to those who have qualified by submitting an NDA.
PRICE REDUCTION-Drive Thru Restaurant and Home Package- $60K Cash Flow
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
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