Highly Rated Italian Seafood BYOB with Great Cash Flow

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Asking Price:
$495,000

Gross Revenue:
$868,927
Cash Flow:
$225,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$11,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This Rustic Italian Seafood BYOB has the freshest Seafood in the Philadelphia area and great Italian specialties as well. Ahh, to have connections in the seafood business.
The current owner operates the restaurant Tuesday through Sunday between 5 PM and 10 PM, only serving dinner. The revenues and cash flow this restaurant generates, given it's a BYOB and only open in the evening, is truly amazing.
The opportunity for a new owner is incredible. If a new owner added just weekend brunch (there are no restaurants doing brunch in the area) revenues and cash flow could increase dramatically. Currently the owner does no advertising; with advertising, both sit- down diners and app-based delivery (the fastest growing sector of the restaurant business), should see increased revenues and profits. There are also two high end residential developments currently under construction within walking distance that will add over 300 housing units to the area.
Take advantage of this owner's desire to move on to a new project. He is willing to finance part of your turnkey purchase. Purchase this restaurant and start making money day one.

About the Business

Location:
Montgomery County, Pennsylvania
Facilities:
This restaurant was established in 2011 by the current owner and from the beginning was not only profitable but highly rated.
Market Outlook/
Competition:
There are plenty of restaurants in Philly and the surrounding areas but this restaurant is known for the freshest seafood in the area so to say it has any real competition just isn't true.
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About the Sale

Reason For Selling:
other interests
Training/Support:
3 weeks
Seller Financing:
100000.00

Listing Info

ID:
1611320
Ad Detail Views:
0

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Business Listed by

Richard Collins

TransWorld Business Advisors

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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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