Asking Price: $2,999,000 Gross Revenue: $2,500,000Cash Flow: $700,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $75,000 not included in asking priceFF&E: Not Disclosed 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.
NO REAL ESTATE included.JUST an iconic Waterfront Restaurant Bar in a prime Sarasota County Location.This is a HOT SPOT for the affluent,the locals and the vacationing crowd.High visibility;high traffic location.Parking is not an issue. This is a one of a kind place where boaters can pull in and be served great seafood and a wide range of exotic dishes made by world renowned chef.Its Yummy! The place can seat up to 250 people between its inside dining room,outside decks and banquet room.Talk about atmosphere...it never snows here and the cocktails and margaritas flow all day long.The current lease is good for 11 more years and there is a strong possibility that this can be extended much further.All serious parties interested in the place will need to go through a pre-qualification process.This is a once in a life-time to BUY a Florida "Waterfront Restaurant-Bar".Don't miss out!!! The Asking Price of $3,249 million is for this well established business(NO REAL ESTATE).
High Visibility Restaurant Bar on the Water.Owners want to Retire
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