Asking Price: $1,648,000 Gross Revenue: $1,350,000Cash Flow: $200,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $42,000 included in asking priceFF&E: $100,000 included in asking priceReal Estate: $899,000 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.
Our firm is pleased to present a local community favorite Bar & Grill restaurant for sale. Located on a unique parcel of land offering a scenic waterfront view, this establishment serves a wide variety of food and drinks. The seating capacity is 120 inside and 100 outside on the large lakeview deck with tiki bar. Over 16 TV’s and multiple projection screens available to catch every sporting event.
Revenues are approx. 60% food and 40% alcohol. In addition to over $1.3 mil in sales, the bar brings in $250-$300K in lottery sales.
The owner works 20-30 hours weekly and is responsible mainly for bookkeeping, liquor ordering as well as lottery game management. He also feels in occasionally as manager if needed.
Live music, beautiful lake view and various other events makes this restaurant a consistently popular spot over many years with stable customer base.
All FF&E and inventory as well as updated website included with the sale. Normal inventory is estimated at $30K plus $12K in lottery.
We are seeking a serious and financially qualified buyer able to obtain SBA financing with 15-20% downpayment. Non-disclosure and financial statement required prior to receiving confidential information.
About the Business
Oakland County, Michigan
Number of Employees:
Building Sq. Ft.:
Business operates out of 4,758 sq ft building located on two parcels totaling 4.5 acres. Beautiful view of the lake, located on the major road with ample parking, only a few miles off the freeway. Property is valued at $899K and is included in the total asking price.
This bar & grill has been around for many years and remains one of the favorite local destinations for a casual drink with friends, to catch a game or unwind after a long week.
Growth & Expansion:
Buyer with fresh energy familiar with the restaurant and bar industry poised to do well in this location.
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
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