Asking Price: $400,000 Gross Revenue: $1,200,000Cash Flow: $300,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: $1,200,000 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.
SOUTH SHORE Waterfront WATERING HOLE-Restaurant-Bar-Nightclub-Functions Wow! Can't miss/opportunity of a Lifetime.!
SELLING PRICE: $1.6M ( real estate recently accessed at 1.2M+Business value of $400k =1.6M ......SBA Financing readily available. Priced right..OR...just buy the business now for $400K with ONLY $150K cash now,buy RE later.
SALES VOLUME: $1.2 M per year-open year round...can be seasonal.
SQUARE FOOTAGE: 8,000 sq ft footprint, 2 1/2-floors w/elevator. 3 BARS-2 kitchens...HUGE OUTSIDE DECK OVERLOOKING THE OCEAN.
HOURS OF OPERATION: 11am-1am...7 days in season
SEATING: 200 Inside - 100 Outside patio
COMMENTS: The biggest waterfront watering hole on the south shore.
Municipal parking lot next door....3 bars, popular local bands. Hot spot!
55% food-45% liquor. if you have the right management team and $200k for a down payment, this could be yours. see it now, buy it tomorrow, get ready for a Crazy busy season this summer. Add awning and heaters over outside patio and go thru November, nothing like it anywhere,/ Owners have been in a retiring mode for years,
Gross sales several years ago when owners were really inspired topped $2.6 M.you'll see the value when you walk through.
Call Bob @ 781-820-9288 -Bobcioffi14@gmail.com-or Dserpone@comcast.net (listing broker) Perfect timing for 2018! Non disclosure agreement required.
About the Business
Building Sq. Ft.:
2.5 Floors/ has elevator/outside patio/3 bars/overlooking the beach!
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
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