Asking Price: $550,000 Gross Revenue: $1,750,000Cash Flow: $240,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $30,000 included in asking priceFF&E: Not Disclosed 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.
Italian Restaurant located on Restaurant Row in the Little Italy section of The Bronx. Family owned business serving guests and the community for over 30 years. Family style servings. Catering and a private dining room available for special occasions, parties, weddings, banquets, etc.. Fine food made from fresh ingredients for lunch and dinner. Free parking available with attendants in private parking lot located on the premises with over 25 car parking units. Strong client base from nearby college campuses such as Fordham University. French doors open in the dining area during the summer and spring seasons.Great atmosphere, enormous kitchen and tons of storage space. Kitchen equipment is in great condition. New grease trap, boiler, etc. Full service bar with an extensive wine list to compliment the traditional Italian menu items.
Family owns property! 20 year lease with options. 16 years remaining. Rent includes taxes. 3% annual increase. Restaurant 3,000 sq. ft. Private parking lot 2,000 sq. ft.
About the Business
Bronx County, New York
Number of Employees:
Building Sq. Ft.:
$8,300.00 Per Month
Only restaurant on restaurant row with parking lot on premises. Outdoor seating may be available. Great lease, low rent rate.
Italian Cuisine / Restaurant Row / Bronx Little Italy
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or stake in the sale of this business and has not verified any of the information
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