Asking Price: $672,000 Gross Revenue: $1,621,330Cash Flow: $325,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed 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.
This traditional American style restaurant is one of the more well-known diners in Modesto CA and has been a fixture in the area for decades. It enjoys a strong, loyal clientele, and a fantastic location on a major Modesto street with heavy traffic flow. Restaurant has a strong cash flow and has not hit the ceiling of it's revenue potential. There are many loyal patrons that consider this a home away from home and a great place to regularly congregate. The attached bar and lounge offers an independent revenue stream with a friendly knowledgeable staff entertaining special events and weekly karaoke fun for friendly gatherings.
With a spacious back room for group events, this restaurant has built a clientele of businesses and groups that book this area well in advance to host their gatherings for whatever the occasion may be. The current owner has an incredible 122 group events already scheduled for the 2019 calendar year, and is continuing to fill events for the rest of the calendar.
The restaurant went through a $100K internal renovation in 2018, giving it a wonderful new feel to the atmosphere. The interior has undergone a complete face-lift, and the landlord has initiated a three-million dollar modernization project for the center. Restaurant capacity is 200 concurrent guests with an additional capacity of 49 in the bar and lounge.
The reason for selling is due to the commute. The owner feels that they live too far away to be conducive to a quality family life. This turnkey business is a fantastic opportunity, and all that is needed is you.
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