Retiring Owner is offering a very well equipped ( 2 Kitchens) Restaurant and Banquet facility for less than the Asset Value Price of $145,000. This is a perfect situation for a current Restaurant owner to expand their concept into another very prime location. The present Owner is doing over 1 million sales and the location warrants sales of at least 1.5m to 2 million. 3acres of land and 2 buildings are presently available via an option. Long term Lease is Available.
About the Business
Number of Employees:
Building Sq. Ft.:
8478 sq ft restaurant and Banquet Facility with a 5000 sq ft basement and a 724 sq ft additional leased out building located on 3.0 acres of land. 350 Seats + 32 patio seats. Seperate Banquet rooms for 50 to 200 people.
This is the only 8000 sq ft Restaurant and Banquet facility in the area. Land is in a prime busy road in the affluent Farmington Valley.
Growth & Expansion:
This is a $2 million + situation for a new experienced owner with increased use of social media and other advertising.
Seller will provide Training and consulting for 30 days. !5 days on premises and 15 days by cell phone, all at Sellers expense.if required
Ad Detail Views:
Asking Price: $145,000 Gross Revenue: $1,256,603Cash Flow: $110,717 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $12,000 not included in asking priceFF&E: $250,000 included in asking priceReal Estate: Not Disclosed Share 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.
Established Profitable Restaurant and Banquet Facility
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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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