Asking Price: $315,000 Gross Revenue: $789,000Cash Flow: $103,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&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.
With sales that have exceeded $750K consistently in the 9 years that this established business has been open, do yourself a favor and take a look at this one before you buy any other restaurant! The owner is a restaurateur - and with a full service bar, operations could be expanded tremendously. The primary items are Italian food with GREAT pizza!
This business employs a highly motivated, autonomous staff with absentee ownership.
A great growth potential lies in the bar area where a new owner could employ a professional bartender and offer drink specials and cocktails to compliment the outstanding food!
A business that already enjoys both local and regional patrons, this business is centrally located in a busy strip center, with a very established and built-up community, which includes 70 townhomes, and 13 apartment buildings, which are being completed.
The building boasts a 16 HD camera security system that includes phone application and an upgraded POS system that includes 6 stations with chip readers. The potential to double the revenue exists with the ability to host parties and events in this spacious location.
The growth potential of this business is limited only by the creativity of a new owner/operator. The seller is highly motivated due to the loss of a family member.
This restaurant / bar is won't disappoint - please inquire today!
About the Business
Concord, North Carolina
Number of Employees:
Building Sq. Ft.:
$7,020.00 Per Month
Located in a busy strip center, with plenty of parking.
This business is located near a regionally popular shopping mall, and there are numerous similar businesses in the area.
Growth & Expansion:
There is space for a new owner to host nighttime events, and with the area's population growth, new business is almost guaranteed!
Established and Very Profitable Bar & Rest. - Unheard of Opportunity!
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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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