Asking Price: $1,550,000 Gross Revenue: $933,300Cash Flow: $387,100 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $3,000 included in asking priceFF&E: $246,200 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.
The Company provides Event management and catering in a unique facility constructed in 1875 in a very active urban setting. The majority of scheduled events are weddings. The facility was purchased by the current owner in 2011 and converted to a banquet facility. The next owner of the Company will be able to leverage a proven team and business model to pursue a wide range of compelling growth strategies including aggressively pursuing non-wedding events, booking multiple events per day and more actively upselling other services.
Growing Revenue and Profitability History
Unique Attractive Facility
Great Geographic Location
Large Unused Capacity
Note: Price will be reduced by prepayments on future weddings at the closing. Prepayments at 12/31/2017 were $215,000
About the Business
Marion County, Indiana
Number of Employees:
Location and Former Building Use has led to tremendous growth in the current business model. Truly a Beautiful Business and Property
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.