Asking Price: $210,000 Gross Revenue: $643,433Cash Flow: $26,194EBITDA: $26,194Inventory: $2,000 not included in asking priceFF&E: $10,000 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.
This venue is one of those well-established neighborhood favorites that locals have been going to since 1984. It operates seven days per week, from 7 am to 2 am. The restaurant offers a compressive selection of customer favorites in a comfortable and cozy neighborhood atmosphere. The kitchen has a full line including a large griddle and stove with 2 accompanying ovens, a warmer, 2 salad prep tables, a stand-up fridge and freezer, along with other equipment.
About the Business
San Pedro, California
Number of Employees:
Building Sq. Ft.:
$3,100.00 Per Month
The 1,200 square foot facility plus sidewalk patio leases for $3,100 per month including triple net (NNN) expenses on a lease until 3/31/23 with options to be determined. All of the business’s furniture, fixtures, equipment and goodwill will be included in the sale. Approximately $2,000 in inventory will be sold at cost at close in addition to asking price.
While competition invariably exists in this matured area, this venue is a well-established neighborhood favorite with decades of accumulated goodwill. As such, industry entrants would be hard repressed to present a sizeable immediate threat.
Growth & Expansion:
New operators will likely want to continue to operate the venue ‘as is’, but make improvements to staffing and food costs, and potential revisit the restaurant’s pricing and overall menu. The site could greatly benefit from a full-time owner operator familiar with the hospitality industry.
Long Beach / San Pedro Area Restaurant w/Outdoor Patio – Well Establis
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.