Asking Price: $495,000 Gross Revenue: $868,927Cash Flow: $225,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $11,000 not included in asking priceFF&E: Not Disclosed 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 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
Montgomery County, Pennsylvania
This restaurant was established in 2011 by the current owner and from the beginning was not only profitable but highly rated.
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.
Highly Rated Italian Seafood BYOB with Great Cash Flow
The information on this listing has been provided by either
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
full Terms & Conditions.