Asking Price: $495,000 Gross Revenue: $595,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: $50,000 included in asking priceReal Estate: 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.
Lulu’s Home Port Restaurant & Lounge is a 2,100 sq. foot restaurant and bar located on nearly a half of acre right on the Key Peninsula Hwy. The location has a family friendly restaurant that is supported by a well-equipped kitchen on one side and the bar is on the other side of the building with both having their own separate entrances. There is a large back yard right off the bar with a smoking area and room for picnic tables to move the fun outside during the nice weather. Lulu’s has been in business for 27 years and has a strong following as the yearly sales of nearly $600,000 show. The building has a brand-new septic system at the cost of $50,000, and a new roof installed all within the past year. Lulu is retiring and this is the perfect opportunity for an owner operator to get a turnkey restaurant and lounge with real estate in a growing and beautiful part of Washington State.
About the Business
Number of Employees:
Building Sq. Ft.:
Premise size is 2,130sf with seating capacity for 80 and ample parking.
Lakebay Restaurant & Real Estate on Key Penninsula
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or stake in the sale of this business and has not verified any of the information
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