Asking Price: $325,000 Gross Revenue: $1,400,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: $250,000 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.
**EXACT LOCATION REQUIRES SIGNED CONFIDENTIALITY AGREEMENT**
(Scroll down to ATTACHED DOCUMENTS, click on Confidentiality Agreement)
This Gorgeous Italian Restaurant is a 3,400 sq. ft. Free Standing Building with plenty of parking. It seats up to 120 pp and features separate 2-dining room (great for private catering parties) and a separate bar room.
It is located in the Mid- Suffolk County area of Long Island.
The restaurant is in immaculate condition and averages $25,000-$30,000 a week. The Seller would like to retire.
* NOTE: A potential buyer MUST CHANGE THE NAME, but can still operate it as an Italian Restaurant or any other type of restaurant (Property is NOT available)
The Landlord will give a NEW 10-YR LEASE starting at ONLY $7,735, which includes property taxes to the right buyer.
***PERFECT FOR CHEF OWNER***
***FOR MORE INFO - Call John Stefan of JS Business Brokers @ 631-473-2973***
**PLEASE SIGN CONFIDENTIALITY AGREEMENT BELOW FOR LOCATION**
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.