Asking Price: $700,000 Gross Revenue: $1,800,000Cash Flow: $250,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $1,000,000 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.
The seller has just announced the sale of an amazing NICHE restaurant. This bar/restaurant has a gorgeous huge bar and the whole place has seating for over 75 seats. Seller has other restaurants in the city and needs to sell and get pack to the city. This was built 3 years ago and cost $1 Million. The concept is unique and that is why this place ROCKS!! Too many great things to list but here are some- full basement, Rent is only 6% of sales with a 15 year lease in one of the great Nassau County walking towns, liquor sales are 30% and I can go on and on…
Staff in place and ready to be taken over without changing or missing a beat. Doing a solid $35,000 per week allows the seller to take home a strong $250,000 per year. If this is not enough, how about this- ONLY OPEN 6 NIGHTS WEEK FROM 5PM-10PM. This is truly amazing to have quality of life in the restaurant business being open ONLY 30 hours per week. Has potential to do much more with extending the hours for lunch and much more…. Unique with all its bourbons & whiskey selection.
Please refer to listing number 13897 when inquiring about the restaurant.
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