Asking Price: $399,000 Gross Revenue: $1,800,000Cash Flow: $180,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $900,000 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.
This is an amazing opportunity for a rare sale in the restaurant business and the reason is the SIZE. This restaurant is 4,500 square feet with a full basement and over 180 seats and has all the makings to be one of the busiest restaurants on the North Shore in Nassau County, NY. This establishment is located on busy road in an affluent town with ample parking. The exposure of this place is second to none with GREAT visibility. Business is thriving at $1,800,000 per year in sales and the owner is earning $180,000. The owner is relocating to Suffolk County. This concept is working just fine but other concepts can do a WHOLE LOT more. THE BOTTOM LINE- the Business is Doing $35,000 in Weekly Sales and Selling for ONLY $399,000. Please reference listing number #14155 when inquiring about this opportunity.
North Shore Restaurant with Over 180 Seats / $35,000 Weekly
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