Asking Price: $1,050,000 Gross Revenue: $969,168Cash Flow: $162,696 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: $750,000 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.
Since 1995 this iconic, well known Thurston County eatery has been serving up delicious comfort food to hungry locals and travelers alike. After so many years, the Seller is looking to retire and pass their legacy on to a new, energetic buyer. The facility is located right off of a major transportation corridor that is experiencing major development that has the potential to draw a high traffic volume. They've developed an excellent team of employees and are now running the restaurant in a semi absentee manner. Leads handle deposits, client relations and the like while the Seller maintains the books and property landscaping. Prime commercial real estate of 1.2 acres is included in this incredible offering. The business is paying a triple net lease of about four thousand per month and is included in the cash flow calculation. There is potential for growth by utilizing technology, working more in the business or further developing the dinner market. If you are looking for a great opportunity that includes a cash flowing business as well as cash flowing real estate, this might be the opportunity for you. Inquire today!
About the Business
Number of Employees:
1.2 acre lot of real estate is included in the transaction. The restaurant operates out of approximately 2400 sq ft with ample facilities for dining, kitchen, baking and dishwashing area. With a capacity of 125 patrons, this is a busy eatery and being located right off of a major transportation corridor helps.
This restaurant serves all of Thurston, Mason and Lewis counties. Locals and tourists alike. There is significant development happening around the restaurant which should serve to help drive more traffic in the near future. Also, they have very little competition in the area.
Growth & Expansion:
Having been open since 1995 has helped this business earn a reputation for great tasting food and excellent service. Growth could happen with serving liquor to enhance the dinner business as well as taking full advantage of the robust development happening all around the facility. Better utilization of technology and/or the Buyer spending time in the establishment.
Long Established Thurston Eatery with Real Estate-Semi Absentee
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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
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