RESTAURANT WITH REAL ESTATE W/DEVELOPMENT OPPORTUNITY
Asking Price: $1,250,000 Gross Revenue: $1,000,000Cash Flow: $300,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $250,000 included in asking priceReal Estate: $1,250,000 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 family run 3,500 sf restaurant has been a fixture in this "North Shore" community for decades. Known for delicious comfort food at reasonable prices, this neighborhood favorite has flourished. With sales over $1.m and growing every year. It is the only full service restaurant in the area. Well maintained property and equipment. Fully equipped kitchen and bar. Staff that is willing to remain. This operation is ready for some new energy and ideas. Restaurant building sits on one lot, with occupied apartments above space with two additional adjacent lots for potential expansion and/or development. The potential for this property are endless. Property Taxes $17,000 Don't miss out on this one. Seller financing available to qualified buyers.
Restaurant for sale w/Property & Development Opportunity
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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