Asking Price: $349,900 Gross Revenue: $501,124Cash Flow: $114,427 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $3,688 included in asking priceFF&E: $27,619 included in asking priceReal Estate: $200,000 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.
This iconic restaurant located in the lakes area of central Minnesota was established in the 50's and is the go to place for great food and excellent service. The business is open all day serving breakfast, lunch and dinner so they are there when the patrons are hungry.
The design of the building enables the business to accommodate small private groups or parties. This is a very busy restaurant and is fully staffed to assist the new owner with the transition.
About the Business
Number of Employees:
This very well maintained 2400 sq ft facility seats 95. The atmosphere of the restaurant brings you back to the 50's which is very fitting for the history of the business. The business is situated on a very busy highway so they are always getting new drive by customers.
The business is located in a small community about 10-15 miles from any major city. There is one other bar and restaurant in the community but does not seem to affect there business. The business has been around for a long time so it is the go to place in the area.
Growth & Expansion:
This business has a liquor license for both On & Off Sale which they have not promoted much. With the location being on a very busy highway, expanding the Off Sale business would enhance the overall business. There is already a pad in place to expand the building.
Will train for 2 weeks @ $0 cost. This restaurant is a full service family style operation so having good people skills and a general knowledge of the restaurant industry would be very beneficial. They have a liquor license to sell on and off sale liquor, which they do not promote. This would be a excellent opportunity to grow the business!
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