Asking Price: $840,000 Gross Revenue: $2,131,813Cash Flow: $375,000EBITDA: $375,000Inventory: $20,000 not included in asking priceFF&E: $350,000 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.
Successful, long-established Saint Paul Restaurant/Bar with a Sterling Reputation.
First time this property has been offered.
Multiple income drivers: Breakfast, Lunch, and Dinner w/Special Events Bonus and Banquets too!
Cash flow of $375,000 per year with multiple areas for growth.
Spotless facility with recent remodel.
True Turn-Key Operation with key employees in place.
***Owner of 30 years wishes to semi-retire. He is committed to helping the buyer
make a smooth transition into ownership. He is available to train and is willing to
stay on in a part-time capacity indefinitely/as long as needed***
About the Business
Number of Employees:
Building Sq. Ft.:
Spotless facility of 9743 sq ft. Seating capacity of 250 with an additional 65 seats on the outdoor patio. Full-service, high-capacity kitchen with the potential to add off-premise catering for additional revenues. Large parking lot with access from 2 streets. Excellent access!
Great market with proximity to National Sporting Events/Concerts/Trade Shows/Conventions. High-growth area! Several new housing developments in the immediate area create new energy while maintaining the existing steady and profitable business.
Growth & Expansion:
In-house and off-premise catering /delivery. Additional events could be added. The addition of a catering division would make an immediate positive impact on sales, thereby increasing profits.
HSC $2.2mm Sales! Great Long-Term Lease/High Profits
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.