Asking Price: $549,999 Gross Revenue: $1,020,431Cash Flow: $125,006 (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.
The build out on this facility was $1.5mm including high-end sound and lighting equipment, full kitchen, and all food and beverage service furnishings. Very fair long-term lease in place. It would cost the same or more today for the space and equipment. This is a turn-key opportunity to stay the same brand or this could be re-branded. The location is in a higher income community catering to guests in their late 30’s to late 50’s with on-site parking. There are daytime events, weddings, parties, live entertainment including occasional national bands.
Inquire for more details.
2017 Gross Revenue: $913,000
2018 is on pace to break $1mm
Asking Price $649,000
Seller will consider some carry for well-qualified buyer.
Training and transition is negotiable.
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.