Asking Price: $299,000 Gross Revenue: $1,068,250Cash Flow: Not DisclosedEBITDA: $165,997Inventory: $4,500 not included in asking priceFF&E: $195,000 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.
After almost a half century of continuous operation, the Owner is finally selling this landmark Diner.
This very successful Diner is known for its great food, generous portions, and friendly service, with a very large and loyal customer base.
Since the Owner does not participate in the Diner's daily operation, and does no advertising/marketing, its new Owner can easily take this million dollar business to even new heights; and one that will give him the ability to earn a handsome living for many years to come, and all for an amazing price..............this is truly a one of a kind opportunity !!
About the Business
Number of Employees:
Building Sq. Ft.:
$7,900.00 Per Month
The Diner contains 2,500 sq.ft. with 100 seats,and a fully equipped kitchen.It is located on a very busy street in a free standing building that is highly visible, has good parking,and an excellent long term lease.
There is no competition in the immediate area. .........it is truly " one of a kind" !
Growth & Expansion:
The Diner could significantly increase its profitability by staying open 24 hours a day, as there are no other Restaurants in the area that are open after 11:00 P.M.
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.