This location had annual sales of $1M five years ago. It is currently run by employees and a manager. The current owner is relocating for work and business is being sold as a result. New owner has the opportunity to capitalize on an established business that needs new management. Business is being sold below market value and considerably below the cost of building a new store (approximately $350k to $400k to build a new store). Lease was negotiated 3 years ago and has extremely favorable terms (base rent of $15.61/sq ft). Lease has an option to renew for another 5 years. Monthly lease of less than $3,100 includes CAM. The average food cost is 24%. This can be improved with better management. Labor costs are well above average and would be substantially lower with owner operator. New owner can immediately increase cash flow by reducing labor costs by at least $3,000 in the first month.
About the Business
Building Sq. Ft.:
Lease Rate/Sq. Ft./Mo.:
New POS installed in September 2017 (~$12k). New security system installed in Jan 2018. In addtion, kitchen equipment, ovens, hood, delivery equipment included in price.
Growth & Expansion:
Currently, limited funds are being invested in marketing.
Asking Price: $239,000 Gross Revenue: $650,000Cash Flow: $70,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $50,000 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.
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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
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