Asking Price: $1,699,000 Gross Revenue: $1,700,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: $500,000 included in asking priceReal Estate: $1,500,000 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.
Price Reduced - Must Sell! Located in the heart of a growing Suffolk county town this is the GO TO spot in the neighborhood for 11 years. The business opportunity is to BECOME THE LANDLORD and acquire both the restaurant as well as the property. As a restaurant owner that owns their own property you no longer must worry about rent increases, restrictive landlords or spending money to improve someone else’s premises, you will be improving your OWN building. There is plenty of seating and parking as well as a very ample kitchen and storage area to accommodate the current business as well as future growth. There is a great layout including full bar plus separate seating areas to accommodate private parties and total seating of 140. There is also a full staff including head chef, line chef’s, prep people, wait staff and managers. A new owner can choose to take as active a role as they like in the running of the restaurant. The current owner will stay on as necessary to teach and train the new owner and insure a smooth transition. The restaurant does approximately $1.7 Million in Revenue and generates approximately $260,000 in Earnings; plenty of revenue to service a debt/mortgage. At the new lower price of $1,699,000 for BOTH the business AND the property this package is priced aggressively and very attractive to lenders (fits within SBA lending guidelines). Please refer to listing number 13530 when inquiring about this opportunity.
Established Restaurant with Property Suffolk County
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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
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