Asking Price: $599,999 Gross Revenue: $2,095,884Cash Flow: $253,873 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $310,202 included in asking priceFF&E: $13,441 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.
Classic, long standing neighborhood bistro setting in a friendly, casual atmosphere that has a devoted following with locals and frequent visitors. Located in an upscale retail shopping center in a rapidly expanding community in Collin County, this restaurant is noted for it's baked goodies, desserts and classic French entrees. There are several positives for a new owner:
1. Experienced general manager in place that will stay on with the sale.
2. A portion of this restaurant was newly refurbished in 2016.
3. The current owner is wiling to finance a minority portion of the sale price for the right buyer.
4. Current owner will work with a new owner on a smooth and orderly transition.
About the Business
Number of Employees:
5 FT/15 PT
A leased commercial space in a retail shops location. The restaurant has been located here since it opened in 2004. The retail shops center continues to grow and add tenants as the community has expanded around with commercial buildings and residential homes.
Competition in this growing Collin County community is very aggressive with new restaurants opening every year starting in 2016. New developments for retail, commercial and residential projects will increase population, traffic and see more restaurants opening.
Growth & Expansion:
New growth opportunities lie in expanding marketing to the surrounding growing communities, to hosting more catered events and private dining events. The higher wealth of the Collin County community can support newer, upscale food and drink selections.
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.