Asking Price: $990,000 Gross Revenue: $889,373Cash Flow: $375,805 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $20,000 included in asking priceFF&E: $150,000 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.
This restaurant is a stand-alone authentic steak and pasta house featuring authentic Italian family recipes. Open for lunch (has lunch buffet), and dinner, as well as catering for events (and delivery) It also has 5 gambling machines but only since November and has brought in $4500 per month.
This profitable business has only been in operation for 1 year, and it has growth potential if there is someone to run the front and someone to run the back at all times and if there is an effort to increase the catering business.
Average lunch ticket is $10, average dinner ticket is $20 with some dishes much higher. There is a full-service bar.
The restaurant seats 210, and they have small to medium-sized banquet rooms. The owner currently has a major role in the daily workings of the restaurant. He is selling because he now wishes to concentrate on real estate.
Highly Profitable Italian Restaurant in Mid Central IL for Sale
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