Asking Price: $595,000 Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed 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.
This is a dream opportunity in one of California's most beautiful coastal communities. The restaurant has a prime location on the main street with heavy walk-through traffic. Truly full of potential. A an active owner or Chef looking to become an owner will enjoy the advantages of this location and the easy layout. The floor plan is easy to work in for both the front and back of the house. Currently open 7 days a week for lunch and dinner. The food is excellent and restaurant ratings are very high. ABC type 41 license. Long-term, below market lease adds tons of value to this opportunity. The current concept is new and growing, but this is a perfect situation for a new owner to implement their own concept and direction.
More detailed information available to qualified applicants.
About the Business
Number of Employees:
Approximately 1100 sq/ft of kitchen and dining space, with over 400 sq/ft of space in a separate storage and prep area. Restaurant is 44 seats. Current owner invested $600,000 in improvements. All appliances in excellent condition.
Many other restaurants are located in the surrounding area.
Growth & Expansion:
There is incredible potential for this location. The space is newly renovated and there are many opportunities for a new owner to grow and develop their own idea and vision here.
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
full Terms & Conditions.