Asking Price: $1,075,000 Gross Revenue: $2,500,000Cash Flow: $350,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $150,000 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.
New to Market! Rare opportunity to take over a Turn-Key Prime 3,600 sf restaurant serving contemporary American cuisine. 100% updated and modern space with high end finishes and decor. Indoor/Outdoor seating in AAA location in downtown village. 115 seats inside, 40 outside on fully updated patio garden. Tremendous amounts of storage space and ample parking. Kitchen facilities, grease trap and other equipment modern and new. Additional adjacent space for party room or wine bar also available. Currently grosses over $2.5 m. with only Dinner sales. Can add lunch and brunch for additional income.Current mailing list over 20,000 clients. Huge following and well-known. Tremendous staff with 2 managers. Key employees willing to stay on. This is a MUST SEE and WILL NOT LAST. 20 year lease and favorable terms. Verifiable Financials. POF and NDA Required. Contact Darlene Ragone for Additional details. 888-869-6069, Ext. 103
About the Business
Suffolk County, New York
Number of Employees:
Building Sq. Ft.:
$10,000.00 Per Month
Growth & Expansion:
add lunch and brunch. Gross sales only represent dinner hours
The information on this listing has been provided by either
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
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.