Asking Price: $1,300,000 Gross Revenue: $1,400,000Cash Flow: $200,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed 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.
Modern Restaurant & Bar with full liquor & entertainment. This high profile site has several drawing points and a widely ranged customer base. Over $1.3 million was spent on the design and build-out. The restaurant has a capacity of 170 persons with a highly visible Patio. This site is a great fit for almost any concept.
FACILITY: High profile site with a top of the line build-out and equipment package
PARKING: Street parking, local lots
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: 47 years remaining, with options
BASE RENT: $14,500 NNN
CONCEPT: Modern Bar & Kitchen
SIZE: 8,263 square feet total- Ground Floor 3100 SF, with 938 SF Patio space,
in addition 3100 SF of basement / BOH / prep / office space, with 1125
SF of parking space as part of the lease
SEATS: 122 inside; 44 on the patio
HOURS: Currently Closed
LICENSES: Full Liquor License (10a-1a) & Entertainment License
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.