Asking Price: $59,900 Gross Revenue: $600,000Cash Flow: $150,000 (Seller's Discretionary Earnings) EBITDA: 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.
TYPE OF BUSINESS: YOUR CONCEPT
WOW! ASSET SALE ASSET SALE LOW PRICE
READY FROR YOUR CONCEPT!
SAVE TONS OF MONEY-BUILDOUT DONE
Presently a Unique &Successful Latino Restaurant/Full Liquor/Bar
w Strong Sales Low Rent Ratio
LOCATION: Haverhill/Methuen Area Very busy main road, parking lot
SELLING PRICE: $59, 900 CASH
SALES VOLUME: 12K+ ave. % DELIVERY: None
LEASE: $2890. Rent Ratio only 5% to 6%
NNN $850 YRS. LEFT: 4 w/ 3 -5 yr. options
SQUARE FOOTAGE: 1368 sq. ft.
(2 bathrooms-handicapped accessible)
HOURS OF OPERATION: Mon-Wed 11:30-9 Th.-Sat. 11:30-10
Sun 11:30-8 1:00 a.m. Liquor License
SEATING: (inside 52 seats) (outside 12 seats)
COMMENTS: OWNER PLANS TO MOVE TO A LARGER LOCATION with NAME INTACT so this has become an ASSET SALE! Beautiful build-out . Opened in 2017 and the overall trend has been straight up. With a fast and loyal following, sales in early fall topped off at close to $15k a week. Up to code . An experienced hands on operator will take this to top. Plenty of upside by building up catering and/or bar hours.
Call , text or email Marie to view this location. 978-902-0350 firstname.lastname@example.org
Subject to errors, omissions, prior sale or withdrawal from the market…all without notice.
ALL INFORMATION IS FURNISHED BY SELLER; BROKER DOESN’T CERTIFY, WARRANT THIS INFO.
About the Business
Number of Employees:
Building Sq. Ft.:
Well done, dining room w/ bar
Check out location for your concept!
Growth & Expansion:
Grow Liquor business, build catering, potential to physically expand location (landlord may lease 3000 sq. ft. of space for extended buildout)
THE REAL STEAL! Methuen-Restaurant/Bar ASSET SALE $59,900 Sales$12Kwk
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.