Asking Price: $999,999 Gross Revenue: $1,100,000Cash Flow: $300,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $5,000 not included in asking priceFF&E: $300,000 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.
Your "Once in a Lifetime" chance to buy one of Naples's best known and most loved high-end Restaurants in the heart of the downtown Naples shopping/restaurant-bar district. The most affluent people in America live in the area and eat at this Restaurant. Current rent of $7600 per month is well below market with a rent ratio in the 7%to 8% range. Lease runs to 2026.Additional options can be negotiated.Restaurant has a Wine and Beer 2 COP License. Reported sales are mostly credit card sales and some cash.All Restaurant Sales reported are done in 11 months because the restaurant closes the entire month of September and the last week of May for annual vacation.2018 Year-to Date Sales through 4/30 were $454K. This is a highly confidential sale.Therefore,Seller asks that ALL prospective buyers sign an NDA, provide a brief BIO of their background along with PROOF of FUNDS (minimum $649K liquid) prior to receiving any information.SELLER WILL FINANCE qualified buyers up to $350K. If you are serious about buying this "Prime Restaurant", are financially qualified and ready to act, please contact the Broker, Denis Burke, Cell 941-224-3893 to schedule a face to face meeting and discussion.
***THIS IS THE MOST SOUGHT-AFTER LOCATION in all of NAPLES FLORIDA. Even if you wanted to open a Restaurant from scratch, there is NO SPACE AVAILABLE for LEASE.***
About the Business
Number of Employees:
6 to 9
Building Sq. Ft.:
Lease Rate/Sq. Ft./Mo.:
2000 sqft located in high traffic,highly sought after area.
Restaurants and Bars always have competition.However,this one has a special theme and unique decor.
Growth & Expansion:
Restaurant can open in September and the last week of May instead of closing for vacation.Also, a new owner can add catering and delivery.
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.