Asking Price: $139,000 Gross Revenue: $523,200Cash Flow: $85,001 (Seller's Discretionary Earnings) EBITDA: 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.
Chic and cozy restaurant with a unique latin concept in a great part of Long Beach! Well trained employees that can run restaurant without owner's presence, allows owner to work only part-time and travel when needed. Excellent online reviews, good books and records, very reasonable rent in a great shopping center with ample parking! Turnkey business for a lucky buyer. Selling due to out of state relocation. Includes beer and wine license. Outstanding value; priced at only 1.64 times Seller's Discretionary Earnings!!
Act quickly; Must See!
About the Business
Long Beach, California
Number of Employees:
Building Sq. Ft.:
$2,829.00 Per Month
860 sq ft plus patio Beautifully built out and in turnkey conditions Seats approximately 24 inside and 10 on the patio Ample shared parking in a very nice shopping center! Very reasonable rent!
Restaurant business is competitive with various competitors in every city. This concept is unique, so it gives the owner an advantage. Buyer is advised that they are solely responsible to research all aspects of the business including market and competition.
Relocating out of state and involved in other business ventures
Seller will help train buyer to ensure a smooth transition. Employees are well trained and run the operation without the owner, since he works only part-time and travels out of state periodically. This makes it easier to transition to a buyer!
Profitable Restaurant with Unique Latin Concept, Excellent Reviews!
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
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