Asking Price: $299,000 Gross Revenue: $1,401,955Cash Flow: $103,136EBITDA: $103,136Inventory: $15,000 not included in asking priceFF&E: $45,000 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.
What does an experienced restauranteur do with a prime location with a centralized kitchen in the middle of two huge dining rooms? Build a profitable dual concept restaurant! These two restaurants are under one roof; the left half is a high end seafood restaurant, and on the right is fine dining.
It's hard to say enough good things about the restaurant. The space is well utilized and the solo kitchen efficiently serves both concepts. The restaurant offers fine dining with a fireplace and lake views! The cozy rustic wood and brass bar is affixed with ample back bar refrigeration and storage. The seafood restaurant offers an authentic ambiance. There is also a shared 47 licensed patio that offers gorgeous panoramic lake and mountain views. With a 4.5 star rating with 150+ reviews across Google, Trip Advisor & Yelp, they're clearly doing something right!
Unfortunately, the owner has serious health concerns and will be unable to ramp up this business; his great start is your gain. There is virtually no social media or website presence; he's gotten this far strictly on word of mouth. Invest in marketing and begin expanding the catering and events side to the broader local residential and business community. During the busy season, open during the weekdays (currently only operating evenings Mon-Fri) and see a huge boost in revenues. Stock the 47 licensed back bar with alcohol and start realizing those fantastic margins. In addition, once the dinner rush ends, keep the party going with a DJ or band until 2am to grow the bottomline!
This is an amazing opportunity to leverage a very well run turnkey dual-concept restaurant. Do not hesitate on this incredible mountain restaurant location; it will not last.
About the Business
San Bernardino County, California
Number of Employees:
Building Sq. Ft.:
$12,212.00 Per Month
Lake View Dining, Patio & Boat Access Dual Concept to gain more market share Incredible Exposure-front doors open to the main village Large production kitchen equipped with walk in refrigerator and freezer (2) 47 Licensed Bar Large fireplace in dining room
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