Asking Price: $499,000 Gross Revenue: $1,560,000Cash Flow: $275,000EBITDA: $275,000Inventory: $25,000 not included in asking priceFF&E: $250,000 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.
Entertainment Complex across from Convention Center in middle of central business district that is getting 400 million in new building and renovations over next 18 months .Complex has 3 different income drivers /profit centers with good labor/cost controls. Sales increasing monthly and building momentum. Business includes a newly renovated restaurant, a sing along pub along with the hottest nightclub in town.
Total Turnkey operation with managers in place.Current owner of 30 plus years wants to retire from industry. Lots of growth and upside in business.
About the Business
Number of Employees:
3ft 57 pt
Building Sq. Ft.:
11,000 on main floor with prep /storage on lower level
Largest facility of its type in the community with 3 concepts. New unique concept with multiple income drivers
Growth & Expansion:
Continue to grow the restaurant concept including private parties in adjacent space
HSC - Entertainment Conplex Next to Convention Center
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.