Asking Price: $2,400,000 Gross Revenue: $3,750,000Cash Flow: $650,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $40,000 included in asking priceFF&E: $300,000 included in asking priceReal Estate: Not Disclosed Share 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.
Extremely successful Restaurant serving loyal patrons for over 50 years. This is a rare find, owner retiring, ideal location on main road accessible by all major highways. Seats 150 people with 50 parking spaces. They use valet parking due to packed crowd, fast and professional service turns over tables quickly. Buyer could easily scale business by extending hours of operation. State of the art kitchen facilities and equipment, was updated recently including new air conditioning units. Very little competition around serving huge menu selections at very affordable prices with consistent clientele. This gem is a Turn key operation for buyer looking for steady business and room to grow.
About the Business
Number of Employees:
Days & Hours of Operation: 7 days 7AM-12AM Managers: 3 Absentee Owner: Yes Has a full liquor license. Non Owner Payroll: $19,000 per week
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