Asking Price: $119,900 Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: $110,000 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.
TURN KEY Business Opportunity. The Freight House Restaurant has been in business for over 20 years and already has a great established clientele. The menu, fixtures, and equipment are all included in this sale so this is ready for you! Located downtown Phillips with direct access to snowmobile and ATV trails and walking distance from the main boat landing on the Phillips chain of lakes! Inside this super clean restaurant you will find seating for over 60 people including 8 booths and 7 tables. There is over 400 sq feet of kitchen space with dish washing and prep area a long with the main cooking area. There is also a partial basement that has plenty of storage space and 3 large freezers. If you're looking for a business opportunity in the Northwoods, this is definitely one to consider!
About the Business
Number of Employees:
Building Sq. Ft.:
Great updated kitchen and clean lower level with plenty of storage
Great downtown Phillips location and repeat clientele. This property offers direct ATV and snowmobile trail access and is just down the road from the parking/boat landing for the Phillips Chain of Lakes. There are 2 other cafes in the city of Phillips
Growth & Expansion:
Seller has a cafe open mid way through the day and you could easily expand to add additional hours of operation and expand the current cafe menu. Perhaps you could expand hours during our key Phillips celebrations or offer something to draw people from the park during summer months, or during key fishing and hunting times.
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.