Asking Price: $395,000 Gross Revenue: $669,239Cash Flow: $300,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $7,500 included in asking priceFF&E: $50,000 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.
This restaurant has been a family run business for over 22 years, and is known to the locals for its good food and warm, friendly hospitality. It is a hotspot for breakfast and lunches. Offering flavors of Greek, Italian, and Americano in an extensive menu along with in-house baked breads and pies. Presently it is running on 95% returning customer with no marketing expense. The new owner can easily expand on business simply through marketing, along with offering off site catering and booking private banquet events. Located on a heavily traveled central artery into major city and receiving a lot of visual marketing. Open Tuesday through Saturday 6am - 8pm, Sunday 6am - 2:30pm. There is ample private parking outside of the business. The restaurant seats 100 customers comfortably. Staffing is 3 full time in the kitchen and 5 part-time in the dining area. Owner is selling to pursue other business ventures and is willing to stay on at no charge for 4 weeks training.
? 3,500 sf overall facility (dining room, kitchen and office)
? Dining room seats 100
? Private parking
? Located on heavily traveled artery into major city
? $9,000 per monthly lease - currently this property is owned by the business seller.
? At present there is an option to buy the commercial property.
Fredericksburg Established & Profitable Family Restaurant Acquisition
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