Asking Price: $75,000 Gross Revenue: $264,016Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $2,500 not included in asking priceFF&E: $45,000 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.
Offered is a unique opportunity to own restaurant that capitalizes on a great location in a historic district; an active local tourism promotion council that generates customer traffic by hosting numerous annual events; a charming building that has been totally restored; and a simple menu that serves favorite foods that create frequent repeat business.
Feaured is an old time soda fountain ice cream bar complete with counter stools and milk shake station. The ice cream is an attraction that has been aproven winner in bringing in traffic, sometimes packing the place with ice cream aficionados.
This restaurant has seen steady revenue growth since 2013 when it was opened under another name.
The ideal buyer will be an individual or family that knows how to run a restaurant, especially purchasing food and supplies to control costs, and can serve mainstay menu items and high quality food. This is a turnkey business with an established core of patrons coupled with tourist flows based on special events and the tourist season.
About the Business
Number of Employees:
2 FT, 6 PT
Building Sq. Ft.:
Business leases space in a fully renovated historic building originally built in 1900. Lease is on reasonable terms with utility costs that are very low. Landlord pays property taxes, insurance, water, and dumpster service. Located on a high foot traffic historic district street. There is plenty of opportunity for a good operator to capture more business with relatively little effort.
There are a few nearby competitors but plenty of business for all. The current business model with limited hours keeps overhead low. The disadvantage is a significant amount of business is not being realized or captured. An active tourism council and regularly scheduled annual events and attractions bring thousands of out of town customers into the historic district and by the front of this store. Its attractive store front brings them in.
Growth & Expansion:
Additional revenue from food and drink can be obtained by having expanded hours of service and adding more items to the menu. Offering breakfast should also be considered.
Seller and wife have other jobs and also run a small farm..
Will train new owner in basics of the business but buyer should have experience running a restaurant in order to be successful and reap the financial benefits. This is not a business for a passive owner.
Exceptional Value- Historic District Restaurant Opportunity
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