Asking Price: $699,000 Gross Revenue: $1,257,245Cash Flow: $306,777 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: $1,000,000 not 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 in operation for almost 60 years. Ownership recently reinvested into the
business for continued long-term success with a full remodel and building updates.
The business thrives with a great local clientele and significantly benefits from the prime
location on I-41, drawing customers traveling the interstate. Offerings include an American menu and buffet, bar room and extra dining room with seating for large groups. The business enjoys a positive reputation through its dedicated support of the community by hosting and supporting local events.
Business cash flow has steadily increased along with strong year to year sales trending upward
above industry average for the last 3 consecutive years. The owners believe this trend will continue.
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.