This rapidly growing Middle Eastern fast casual restaurant opened in 2014 and had immediate success selling Middle Eastern fast casual street food in a Chipotle style assembly line fashion that gets the on the go customer its food very quickly. The customer base is diverse and the restaurant is well known throughout Hampton Roads, and especially to the local military population as the place to get the Middle Eastern fast casual street food that they enjoyed overseas. Currently the store, which has a well paid full time manager, is operated almost completely absentee with the owner focusing mostly on systems management and rarely working in the store. The store is extremely profitable and the revenues and cash flow continue to grow at a very rapid clip. Also the restaurant has limited hours and days of operation which is a benefit to the purchaser. The restaurant has a very strong niche business and fantastic brand recognition, so it is conducive to opening multiple locations. Lastly, this highly rated restaurant on Yelp and Facebook is totally turnkey and has a great lease and location.
About the Business
Number of Employees:
7 FT & 3 PT
A recently renovated approximately 3,290 sq. ft. space located in a highly desirable/high income section of Norfolk. The highly visible store is located with frontage on a very busy roadway. the base rent is $4,729/month
Growth & Expansion:
Chipotle style assembly fashion makes food quickly available to on the go customers looking to eat and go...
Asking Price: $549,500 Gross Revenue: $1,060,554Cash Flow: $205,099 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $5,000 included in asking priceFF&E: $70,000 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.
Middle Eastern Fast Casual Restaurant (Very Profitable/Semi-Absentee)
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