Asking Price: $795,000 Gross Revenue: $1,327,593Cash Flow: $167,243 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $25,000 included in asking priceFF&E: $248,337 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 LISTNG---DON’T MISS THIS OPPORTUNITY. Established Breakfast/Lunch Restaurant/To Go and Catering business located on the Southwest Coast of Florida. This is one of the two top catering businesses in the area. The catering business generates strong income and could be purchased separately from the restaurant.
Strong name recognition and an outstanding reputation in the community will be a huge plus to a buyer of this business. This eco-friendly business is a long-standing area favorite with loyal repeat customers and comes fully equipped and staffed with a strong energetic long-term team of employees.
The restaurant offers a variety of classic breakfast/lunch foods with daily special favorites and is situated on a site that is an eclectic modern setting with great parking and great exposure. It is ideally located on one of the highest trafficked thoroughfares in the area. To Go Food Menus, offer classics and stylized local favorites for pickup and delivery. To Go Menu Options are a preferred choice for loyal individuals, businesses and other local groups and afford a regular repeat clientele. Many options for business growth.
Business is “Go To” Caterer in the area for all special events and has a proven track record supported by a loyal customer base and testimonials. It is a profitable award-winning TURNKEY Special Events provider that specializes in planning, managing and food service for events of all types. Catering offers $ on the books for current and future events including Weddings, Corporate and Social Events. Menus vary from simplistic to upscale options with many service styles. Events include Private Parties, Picnics, Family Reunions, Graduations and Fund Raisers. Referrals and repeat business make up a large portion of their book business. This coupled with advanced bookings well into 2020, will assure a new owner of continued success. It is important to note that this company is the preferred Vendor at many sites in the community and has an exclusive contract with a large customer that generates a nice income stream annually. Great opportunity to purchase this portion of business for existing caterer.
*Please note that a new lease is pending and this information will be updated once the terms are finalized.
Due to the highly Confidential nature of the sale of this business, Information will be shared with potential buyers who make inquiries, but the name and exact location of this business will not be revealed until a buyer becomes interested enough to submit an abbreviated financial statement and personal resume to prove that they are a serious buyer who has the capacity to do the deal.
About the Business
Number of Employees:
Building Sq. Ft.:
** Lease being negotiated. The Catering business occupies 1,370 sq. ft. of space in this Free Standing Building that is 6,750 Square foot in size. The other 5,400 Sq. Ft of Space is occupied by a Breakfast/Lunch Restaurant and a Market/Deli operation. There is always adequate parking in the large parking lot that fronts the building.
Although there are other competitors in the Market, this Company is able to effectively compete by consistently delivering superior service to its loyal customer base at competitive prices. This is the premiere catering company in the market.
Growth & Expansion:
Additional growth will come from contracting for event catering as well as venue management at the many new corporate facilities opening throughout the community. A new owner could open the restaurant for dinner to generate additional income as well.
Profitable Restaurant/ Catering Business for sale in Southwest Florida
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