Asking Price: $255,000 Gross Revenue: $852,000Cash Flow: $76,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $20,000 not included in asking priceFF&E: $110,000 included in asking priceReal Estate: $325,000 not 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 business has been Pre-Approved for an SBA 7A Term Loan for a qualified buyer.
This well known restaurant and bar has been around since 1945. This restaurant is about a 40 minute drive from Fort Wayne. The business has numerous income streams. The business has a dining room, bar, banquet room, and an outdoor patio. The restaurant also does catering to local businesses and events. This business is the largest independently owned restaurant and bar in their market segment. Sales have been up you after year and are on track this year to be higher than last year. There are numerous ways a new owner could grow this business. The current owner is ready for retirement.
About the Business
Fort Wayne, Indiana
Number of Employees:
20 FT 8PT
The building has been well maintained by the current owner. The business currently occupies three building along a state highway. The full service bar seats 53 customers. The banquet room seats 30 customers. The family room seats 64 customers. There is also a small patio area that seats about 20 customers. There is a full service kitchen that has a mix of new and old equipment. There is also an apartment located above one of the buildings that currently rents for $650 per month.
Largest independently owned operator in the market. There is competition in the market but most of the competition comes from large fast food operators.
Growth & Expansion:
A new owner could expand into breakfast full time since there is a lack of competition in the current market. Another area to grow the business would be to open on Sunday. This business is currently closed on Sunday. A new operator could open on Sunday for breakfast or brunch. Sunday could also be leveraged for sports for the bar side of business. A new owner could also expand carry-out liquor sales by utilizing the business's current 3-way liquor license.
The owner will work with the new owner to fully transition the business. This is included in the purchase price. PLEASE BE ADVISED: PRIOR TO THE RELEASE OF ANY CONFIDENTIAL INFORMATION, THE SELLER REQUIRES ALL BUYERS TO DISCLOSE THEIR FINANCIAL QUALIFICATIONS THROUGH COMPLETION OF A CONFIDENTIAL BUYER QUESTIONNAIRE ALONG WITH A NON-DISCLOSURE AGREEMENT. SELLER’S APPROVAL OF SAME IS REQUIRED BEFORE CONFIDENTIAL INFORMATION IS RELEASED. PLEASE CONTACT OUR OFFICE FOR THE FORMS AT 800-636-7046
SBA Pre-Approved Well Established Restaurant and Bar
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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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