Asking Price: $375,000 Gross Revenue: $1,596,975Cash Flow: $250,000EBITDA: $250,000Inventory: $5,000 included in asking priceFF&E: $100,000 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.
PRICED FOR A QUICK SALE
We are currently marketing an established and profitable turn-key restaurant for sale located about 30 minutes southeast of Cleveland. The store is part of a multi-location restaurant, and the new owner would be allowed to use the current name for a period of time and the menu can be kept indefinitely.
The sale comes with a beer, wine, and liquor license. Currently they serve moderately priced American cuisine for breakfast, lunch, and dinner; closing at 8PM.
The restaurant is located in the middle of town at the corner of two very heavily traveled roads. It is highly visible and has been there since 1993 and was profitable from the start. The who’s who of the town meet there for breakfast on a regular basis.
About the Business
Number of Employees:
The restaurant is about 3,000 sq. ft. including the kitchen, storage, seats, and counter. There is a very large basement used for dry storage estimated to be around 4,000 sq. ft. Currently, the basement is good for storage only would need heavy remodeling to be used for customers.
The area has several restaurant choices, but this one has the best reputation for breakfast and brunch with a great following for lunch and dinner.
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.