Asking Price: $599,000 Gross Revenue: $1,450,000Cash Flow: $275,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&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.
The seller has just announced the sale of his GOLD MINE business. The business is strong, highly profitable with earnings of $275,000. Location is a true AAA North Shore Location on Long Island with tons of walking traffic and cannot be duplicated in any town. The LEASE alone is amazing with 2- 5year options and a low rent of $7,200 including EVERYTHING, the Real Estate Taxes and CAM. This is an incredible North Shore Location. This Busy Pizzeria/Restaurant has real growth potential with huge developments in the area, including an apartment building with 140 units. This well-known pizzeria/restaurant on Long Island is a great opportunity for a buyer to purchase and just turn the key and make $$$. Tremendous opportunity to incorporate CATERING. With 3,500 square feet and over 80 seats and a full basement, also has outdoor seating for close to 40. Full liquor license, and an unbelievable LOCATION, this place truly has it ALL. Please refer to listing number 13569 when inquiring about this pizzeria/restaurant.
North Shore Restaurant/ Pizzeria Doing $28,000 Weekly
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