Asking Price: $1,100,000 Gross Revenue: $1,510,159Cash Flow: $367,438 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $40,000 not included in asking priceFF&E: $85,000 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.
For more than 10 years this iconic Wake County restaurant has garnered local and national award winning attention. Long lines and nearly 800 Google reviews attests to the great food and wonderful customer service.
The numbers don't lie for this business. Since opening their doors the revenues continue to skyrocket with no signs of slowing down. The 2019 numbers are already significantly higher than 2018. The owners are currently expanding the kitchen and seating capacity to make room for continued growth.
Each week guests from around the country visit for the experience and post pictures on social media. Rain or shine customers arrive early and form lines before the doors are opened to assure themselves a seat.
The owners are also willing to sell their multi-tenant property with 10,080 sq feet. Other tenants lease in this property filling it near capacity.
About the Business
Wake County, North Carolina
Number of Employees:
For 10 years the owners have been committed to serving only the finest foods, made with the freshest ingredients. All of their meals are made to order, no heat lamps used.
Growth & Expansion:
1. Kitchen Expansion and Adding Seat Capacity - The current owners are getting permits to increase kitchen size and seating capacity. 2. Raise Menu Pricing - Recently the owners visited several similar restaurants on vacation. They discovered their prices were significantly lower and they raised their prices to gain even better margin. 3. Extended Hours - The restaurant could open on Mondays and extend hours on Sundays.
Extremely Profitable Restaurant SBA 7a (PQ) 2019 Revenue up 20+%
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.