Asking Price: $59,000 Gross Revenue: $350,000Cash Flow: $45,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $2,500 included in asking priceFF&E: $60,000 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.
Purchase this established family restaurant with over $350K in gross receipts for near the cost of equipment an inventory.
Established in 1991, this Family Restaurant is a hub for good times, great memories, and delicious food! Serving locals and the hungry passerby for the better part of three decades, this restaurant has built a solid reputation for constant quality and service.
Even without a website, which is a potential area for growth for a low price-point, this restaurant has built a positive online presence through positive reviews and word of mouth.
This is an ideal opportunity for an experienced restaurateur or a manager or cook looking to get into the business with a pre-existing customer base and proven concept.
Contact FOUAD MOHIT, at (757) 237-2301 or FOUAD@SUNBELTNETWORK.COM, for more information today.
About the Business
Number of Employees:
Building Sq. Ft.:
Lease Rate/Sq. Ft./Mo.:
2500 Square Feet of a Standalone building along a major roadway with excellent visibility.
There is no competition, for past 3 decades this establishment has successfully served the community. A must see!
Growth & Expansion:
The new owners can easily add breakfast and expand the evening hours.
Family Restaurant with Almost 3 Decades of History
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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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