Asking Price: $390,000 Gross Revenue: $2,100,000Cash Flow: $185,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $5,000 not 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 for sale! An excellent opportunity to own an Italian restaurant with a full liquor bar. This restaurant is a high volume Italian Restaurant located in a unique area of Santa Cruz County which has been operating very successfully for the last four years. Family and business conference friendly Authentic Sicilian Italian cuisine. The current owner had negotiated great rent terms. The restaurant currently runs absentee owner. The restaurant has nice interior decor with a full bar — lots of upsides for a buyer with excellent management skills.
Type 47 hard liquor license.
The restaurant kitchen is fully equipped to handle rush hours.
Important: Please print and Sign the NDA for more information.
Note: Proof of funds required for Financial package.
Gross Sale: $2.1 Mil
Rent: $3900 Monthly
Lease 3 year with four years option
Employees: 2 full time and 36 part-time
The financial information was supplied by the seller and has not been verified by the broker. The broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.
Italian Restaurant With Full Bar In Watsonville /Santa Cruz
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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
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