Asking Price: $599,000 Gross Revenue: $1,532,502Cash Flow: $216,483 (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.
This Bar/Restaurant is a turn-key operation that has profitability on over $1.5 million in annual sales. This bar has a well-established following and is a staple in the Reno bar scene. From music to family entertainment activities this bar has it all.
The location and lease are perfect for this business and a new owner can easily step into the owner’s shoes to lead this business to greater profitability. The owner currently acts in an oversight capacity and does not participate in daily operations.
Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button to receive a confidentiality agreement and learn more about this opportunity.
About the Business
Number of Employees:
Building Sq. Ft.:
$14,000.00 Per Month
Busy primary street with lots of foot traffic.
Multiple bars in immediate walking distance.
Growth & Expansion:
Opportunity to expand operations to additional floor of the same building. Additionally, could add more events and happy hours to target different group of patrons.
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.