45 year established, same family owned and operated. Affluent neighborhood institution with national recognition and exposure. Well branded turn key operation with community ties and tremendous upside adding catering/food truck op. Full expanded menu offering traditional faire featuring beer, wine and possible full alcohol bar for a seasoned owner. Prime central location with high visibility and live music performances. Over $500K invested in this unique one of a kind buildout. Recent equipment and building upgrades. Historically strong sales and growth potential. 75% dine in/pick up 25% delivery. Keep as is or transition your own unique concept while generating revenue and income.
Multiple locations available within 20 min. for portfolio package pricing. Principals and brokers welcome. NDA and credentials required.
Serious inquiries only.
Asking Price: $699,000 Gross Revenue: $1,800,000Cash Flow: $300,000 (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.
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