Asking Price: $250,000 Gross Revenue: $312,000Cash Flow: Not DisclosedEBITDA: $60,000Inventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: $178,000 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 established and highly profitable restaurant and catering business in charming historic Shelbyville downtown district is for sale for only the value of the building plus 50% of the equipment cost. This 21 year old business enjoys an excellent reputation in the community and with its loyal customer base as evidenced by customer ratings: Facebook rating 4.9 Stars; Trip Advisor 4.5 Stars; Yelp 5 Stars; All Menus 5 Stars; plus numerous awards from Shelby County media. Delicious sandwiches, soups, salads, breads and desserts are served in the restaurant from mid-morning to mid-afternoon Monday through Saturday. The restaurant is closed on Sundays. There is also a catering component to this business, which presents a growth opportunity in addition to the potential to extend business hours during tourist season. The reason for the sale is that the owners are retiring. Please read the rest of this listing for detailed information about this sale including real estate, operations, equipment and financial information. Please call Grayhill Business Brokers for additional details. Please refer to listing JH-104.
About the Business
Number of Employees:
1 FT; 5 PT
Building and all equipment/fixtures are all owned free and clear with no debt. Building is 1,480 sf plus ¾ basement. Commercial real estate broker valued the real property at $178,000 two years ago. All equipment included in purchase price. Equipment replacement cost is ~$135,000.
In summary: Building Sale Price: $140,000 (Commercial real estate broker valued @$178,000 two years ago) Operations Sale Price: $110,000 (Includes equipment with replacement cost @$135,000) Total Sale Price: $250,000 This established and highly profitable restaurant and catering business in charming historic Shelbyville downtown district is for sale for only the value of the building plus 50% of the equipment cost.
The business enjoys an excellent reputation in the community and with its loyal customer base: Facebook rating 4.9 Stars; Trip Advisor 4.5 Stars; Yelp 5 Stars; All Menus 5 Stars; Zomato 4.1 Stars; numerous awards from Shelby County media.
Growth & Expansion:
Growth opportunities: Breakfast/espresso, catering, coffee/desserts extended hours during tourist season.
Restaurant Business - Price is only: Bldg. value + 50% of equip. cost!
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or stake in the sale of this business and has not verified any of the information
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