Asking Price: $495,000 Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: $325,000 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.
Restaurant with Country Store for Sale with loyal customer base year round. No competition on the East Shore of the Lake. Store includes a Deli, groceries/beverages including beer. The store also carries lodge and cabin decorations, books, toys, fishing tackle etc. The restaurant seats 18 and currently serves breakfast and lunch. Sale includes all equipment and inventory. Additionally there are 2 apartments above the store that are currently occupied and generate $17,000+/year- 2 BR and 1 BR. Can be owner occupied if desired. The listed price includes the real estate/equipment/inventory and is NEGOTIABLE. Would consider just the business - call for particulars.
THIS IS A GREAT OPPORTUNITY to own and expand your very own restaurant and store in a beautiful location with beautiful SCHROON LAKE just down the road.
Owners are motivated to sell so can negotiate a good price!!
About the Business
Building Sq. Ft.:
Fully functioning 18 seat restaurant serving breakfast and lunch. The store also has a full deli counter serving cold cuts, sandwiches, salads etc. There is a grocery area with beverage cooler, produce cooler and general grocery items. The remaining parts of the store sell home/lodging decor, toys, hiking poles, t-shirts, hats, swimming goggles, floats, etc. a true country store!!
We are the only store and Restaurant on the east shore of Schroon Lake. Nearest store is ~ 10 miles away. Very strong seasonal market and steady market the rest of the year. High demand for evening meals. Great opportunity for young chef to own their own business.
Growth & Expansion:
Since our ownership we have greatly expanded the offerings in the restaurant to include take out meals and take and bake options! The product lines that are sold at the store are very good money makers. . It has made an incredible difference in the quality and quantity of our sales.
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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