Asking Price: $340,000 Gross Revenue: $800,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed 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 is a 1,200sq.ft. Restaurant located in heart of financial district of a very busy town. This well established Restaurant has been under the same management since 2001. Base Rent is $6,225/m. Lease expires 2021 with 1 x 5 years option. Seller claims his gross annual revenue is about $800,000. There is a Full Bar - with 10ft hood in the kitchen. There are 30 seats inside and 30 seats outside. THIS BUSINESS IS PER-APPROVED FOR SBA LOAN OR SELLER WILL CARRY PORTION OF ASKING PRICE. Also seller is willing to carry $40,000.00
Disclaimer: This Information has been supplied to Broker by Seller. Broker expressly disclaims any and all liability for representation of warranties, expressed or implied, contained in such information, or for omissions from them. Broker believes such information to be correct, but has not verified or checked it. Any agreement or decision by Buyer to pursue a transaction regarding this Business should be based on further investigation by the Buyer
Mediterranean Restaurant for sale in a Great Location.
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