Asking Price: $315,000 Gross Revenue: $749,433Cash Flow: $141,209 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $20,000 included in asking priceFF&E: $241,000 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 multiple award-winning restaurant serves contemporary American cuisine and has become a favorite for both locals and tourists. Their freshly made meals are focused on quality ingredients and unique flavors sourced locally whenever possible. The restaurant’s vibe is fun, hip and inviting. They have a full liquor license and added menu items including gluten free, vegetarian, gourmet desserts and child friendly options. The menu is well thought out and reflective of their customers desire for healthy and great tasting food, at reasonable prices. This restaurant consistently earns praise and excellent rankings from both professional critics and locals alike. The restaurant has limited off-site catering and has identified this as an area of future growth.
About the Business
Number of Employees:
Building Sq. Ft.:
The restaurant opened in 2006 after an extensive renovation of the building’s systems, interior and equipment. The restaurant is approximately 4,500 sq. ft. The casual, friendly and up to date facility lends itself to a growing clientele in the fastest growing area of Utah. The décor is both inviting and fresh. All equipment, furniture, fixtures, flooring, etc. are in good working order.
The restaurant was the first in Wasatch County to bring contemporary food without Park City prices. Their space is larger than area competitors, enabling them to be one of the few venues capable of accommodating large parties and special event crowds, which fill the Wasatch Valley. Their large parking lot is one of very few in the County capable of accommodating recreational vehicles and trailers, common to the area.
Growth & Expansion:
The current owners have identified several opportunities for growth including the immediate possibility of opening for Breakfast where there is currently limited competition. There is also an opportunity for a new owner to expand the catering operations, particularly in the full-service area and large events. Because of the spacious parking lot, a new owner has a possibility of increasing the current seating capacity via outdoor seating (covered and uncovered.)
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