Asking Price: $125,000 Gross Revenue: $540,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $3,000 not 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.
This is a successful well-established Greek/Mediterranean Coney Island style restaurant that is in a busy Kroger's shopping center in the heart of Macomb County, Michigan area. It is run by the owner plus 3 full-time and 4 part-time employees. It was established in 1998 and the current owner has owned it since 2007.
The restaurant seats 82 people and is 2500 square feet. There is more than ample parking for the restaurant. According to Seller, sales are approximately $480,000 for 2018. An aggressive owner-operator could easily improve this already well performing Greek/Mediterranean Coney Island restaurant.
This is a TURN-KEY restaurant that shows like new with a GREAT CASH FLOW.
THIS IS A MUST SEE!!!!!!! BRING ALL OFFERS!!!
**PENDING**PRICE REDUCED Greek/Mediterranean Coney Island
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