Asking Price: $595,000 Gross Revenue: $689,396Cash Flow: $300,198 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $30,000 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.
Legal Firm in Virginia specializing in Estate Planning and Elder Law. This firm works with clients in establishing a plan to protect a family’s wealth and to insure that wealth and value appropriately pass along to the next generation. In practice, the firm works with family members to develop an entire legal strategy in areas including wills, revocable living trusts, irrevocable trusts, durable powers of attorney and health care documents. This is just the tip of the iceberg as there are many aspects of estate planning, all of which need to be reviewed and thoroughly understood and all are specific to each individual, client and client’s family members. The firm has been in operation over 15 years and currently supports in excess of 3,000 clients. Centrally located with convenient access and adequate parking the interior of the business is exquisitely decorated and furnished creating both an atmosphere and operating space conducive to the business at hand.
About the Business
Number of Employees:
2 FT/2 PT
The Real Estate, in excess of 3,000 square feet, is owned by the owners of the business and is offered fully furnished for $750,000. Alternatively, a buyer may enter into a lease at $5,000 per month and maintain an option to purchase in the future along with a Right of First Refusal. The Practice will require some transition for a buying candidate, and the owner is willing to stay on for an extended period of time to insure the buyer an appropriate transition into the business and the client base.
The information on this listing has been provided by either
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
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.