Asking Price: $124,500 Gross Revenue: $525,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $7,500 included in asking priceFF&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.
Popular neighborhood restaurant serving regulars for over 35 years located in shopping center on high traffic boulevard. The present owners (since 2014) no longer have the time required to devote to the business due to other work requirements and feel that the time is right to turn the restaurant over to a new, highly energized operator capable of taking advantage of its true potential through aggressive marketing and a new enthusiasm.
The restaurant is presently generating over $500K in annual sales, is approximately 3300 sq ft in size, and enjoys a great rent at only $11.24/sq ft. .
Open for breakfast, lunch and dinner, the restaurant serves classic American fare with some special twists and renowned homemade desserts. It has full ABC (beer, wine and liquor), 140 seats plus a bar that seats approximately 10.
For anyone who enjoys all the intimate perks associated with owning and operating a neighborhood restaurant (and there are many), this is one you don't want to miss...
About the Business
Newport News, Virginia
Number of Employees:
Building Sq. Ft.:
$3,090.00 Per Month
3300 sq ft. All furniture, fixtures and equipment warrantied to be in good condition/good working order at time of settlement.
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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
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