Asking Price: $130,000 Gross Revenue: $192,700Cash Flow: $23,068 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $3,000 not included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share 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 Korean BBQ restaurant also serves tasty Thai & Hawaiian cuisine. Owners remodeled restaurant to a Hawaiian Theme. Well located in a ‘restaurant shopping center,’ off a major street. Fully equipped kitchen: 2 stoves, grill, & dish washing machine and more.
It’s only open 4 ½ weekdays due to one owner’s poor health and the owners working outside special food events. The catering part of the business is not included in the sale. It’s also closed a month each year for vacation. There’s an opportunity for a new owner to add weekend patrons and more hours.
The café has been awarded “Best Korean Restaurant in the County” by a local publication, as well as getting a Gold Seal award from the Health Department. It seats 35, has very low rent & a large parking lot. Other cuisines could work here except for Chinese, Mexican, Italian or French which are already present in the shopping center.
For best service e-mail. M1802
About the Business
Monterey County, California
Number of Employees:
1140 SF, 35 seat fully equipped restaurant located off a major 4 lane street, with several other restaurants around a large central parking lot. Two stoves, grill, refrigerators, freezers, much more. Lease $1300 expires 4/19
Growth & Expansion:
new owners can immediately increase revenue by staying open weekends, more hours, all year long
Korean BBQ Thai & Hawaiian Restaurant, Monterey Peninsula
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