Asking Price: $198,900 Gross Revenue: $604,000Cash Flow: $110,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $5,000 not included in asking priceFF&E: $60,000 included in asking priceReal Estate: $375,000 not 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.
This restaurant has a following and great reputation. Owner is ready to semi-retire by selling the business and keep her real estate. Rent will be $3600 NNN which is well below the rates in this high traffic area and will be negotiated directly with owner for the terms agreeable. The hot dogs are famous throughout the local community and beyond. People that visited as children are returning to visit. The seafood is freshly breaded and fried to order. There is an operating manager that has been in position since the beginning. The buyer can choose to be an absentee owner, like the current one or choose to run the restaurant and capitalize on keeping more of the profit. Food cost is under 33 % for last 3 yrs.
About the Business
Number of Employees:
Building Sq. Ft.:
Vitro Seating for that old time flair. Commercial Hood/Fans, ample fryers and cooking equipment. Mr. Winter Walkin is mint. Efficient kitchen flow is conducive to their fast food service speed. Plenty of Parking Spaces.
Lots of restaurants in area, but no fresh seafood restauants that are quick service. This is a unique iconic restaurant that is welcoming. Get an inexpensive hot dog meal or pop in for a philly. Nobody does fries like this establishment, especially cheezy ones. Family friendly -- Great Lunch Business -- Open Short hours 11-7, 11-8 (friday - sat)
Growth & Expansion:
New Owner can stay open later. Delivery has not been added and population of Newington is 30,562. Internet Ordering has not been initiated which would add even greater efficiency. Registers are regular programmabe, not POS.
Iconic Quick Service 20 yr Restaurant -Dogs/Burgers/Seafood
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