Asking Price: $249,000 Gross Revenue: $1,000,000Cash Flow: $150,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed 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 turnkey machine is a Spartanburg institution.
Great rent, lots of parking and a huge built-in
catering and group business. Wofford College very
close and feeds this business all season long. Strong
15 years Brand ID in Spartanburg! Don’t miss out
on getting this legendary restaurant.
STRONG History of Sales!
*15+ Years in market and Branding!
* $1 Million Net
* Unique Business Plan and Concept!
* Tremendous PRIDE OF Ownership & Goodwill!
* Sales exceed previous years and growing!
* Full training and operations.
* Located in high traffic area!
* Very Clean Books!!!
* Great Seller Discretionary Income = Quick
* Return on Investment!
* A restaurant like these does not come up often.
* Strong catering and group business feeds sales year round
* The potential for growth as well great rent only $5k a month all in
* Limited owner financing
General Pro Forma:
Net Cash Flow: $150K+++
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.