Asking Price: $49,500 Gross Revenue: $259,000Cash Flow: $54,750 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $3,000 included in asking priceFF&E: $12,500 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.
2018 and 1st Qtr 2019 revenue up again. Reduced $20,000 to facilitate buyer's improvements to take this successful Mom and Pop to the next level with a new Hood/gas grill addition. With new hood/grill, COGs can be driven down and significant'y improve net profit. Only 15 minutes southwest of downtown, with a captive customer base outside a growing community, this sandwich and ice cream shop continues to increase revenues. New equipment and higher COG in 2018 lowered Net a bit, but potential to improve is easy to imagine. Owner has increased sales every year and continues to get great reviews on Yelp. Super opportunity for new energy adding profit quickly. Located near the entrance of a retirement community, the shop has a dedicated following. Husband and wife team, with a little help during the busy winter are open for lunch, early dinners and ice cream during the day. Twelve tables, well-kept and maintained kitchen and a "Fifties" motif dining room that the locals return to often. A new owner could increase sales as easily as adding additional menu items or by adding Sunday, or, by adding breakfast all week. Landlord has approved a month-to-month lease after June first until new buyer takes over.
About the Business
Number of Employees:
1PT, 1FT winter
Building Sq. Ft.:
$1,575.00 Per Month
Inventory, Equipment and furniture all included in the sales price. 1560 sq ft restaurant with 12 tables inside. Ice cream service. Kitchen set up for soups and sandwiches.
Several other food establishments in the local area, but they have a loyal clientele in nearby retirement community. Very busy in the winter months and slows down for the summer to give owners a break. "Fifties" motif is appealing to the locals
Growth & Expansion:
Reduced price should allow new buyer to add Hood/Gas Grill to cut COG and add breakfast and popular lunch/dinner items. Can also expand in other ways to generate new revenue and customer base, e.g., Sundays. Customers also keep begging them to open for breakfast and stay open for later dinner.
REDUCED $20K for quick sale: Sandwich and Ice Cream Shop
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