Asking Price: $169,000 Gross Revenue: $572,517Cash Flow: $183,741 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $700 included in asking priceFF&E: $20,000 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.
Reservation only, white table service Italian Restaurant located on main thoroughfare in Sarasota County with a well-known independent grocery store opening in the shopping center soon. Restaurant does not accept credit or debit cards and doesn't even have a beer or wine license. Steady customers come from over 50 miles away for this dining experience which also has a very limited menu. All meats and fish are purchased fresh daily. Customers love to watch the chef/owner prepare their meals in this open kitchen located in the dining area. Highly desirable and located near Siesta Key. Extremely low rent for this area. Restaurant is only open for dinner 4 hours per day. Lender Pre-Qualified! Please refer to listing #3353732036 and ask for Joseph Nicolini when inquiring. Thank You!
About the Business
Sarasota County, Florida
Number of Employees:
Building Sq. Ft.:
$1,654.00 Per Month
Lease/Month: 1654 Square Footage: 1020 Building Type: Strip Center Terms & Options: 1-3 year option Expiration Date: 3/1/2023
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or stake in the sale of this business and has not verified any of the information
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