Profitable establishment is in a great location with 300k+ in recent improvements
Asking Price: $120,000 Gross Revenue: $738,000Cash Flow: $75,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $5,000 included in asking priceFF&E: $45,000 included in asking priceReal Estate: $375,000 not 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 establishment is in a great location with 200k in building & property improvements.
In the heart of the quad cities, the sellers are retiring and are open to a new owner to acquire the current Legends brand and recipes or start their own brand. All equipment included to be up and running with a full service bar & restaurant.
About the Business
Rock Island County, Illinois
Number of Employees:
Building Sq. Ft.:
Seller desires to sell building and property with the business. Large storefront, well known location located by college with recently repaved parking lot, new HVAC & major building improvements. Full bar setup, high production kitchen, main dining room, plus separate party/meeting room or overflow.
Gaming machines net Legends an average of $3,000 per month.
Walk in Cooler, Walk in Freezer, 2 - 6 handle keg units, 1 - 8 handle keg unit, Ice Machine, fridge, kitchen freezer, full service bar & bar stools, beer cooler, char broiler, espresso machine and coffee equipment, gas range oven, keg cooler, pressure washer, salad bar, open grill 30 inch flat top, 30 inch range, 30 inch 2 deep fryers, all chairs and tables, new booths, spacious patio with outdoor seating.
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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
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