Asking Price: $875,000 Gross Revenue: $1,074,915Cash Flow: $386,944 (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.
After 21 years the principals are eager to retire. The business is built on quality homemade food delivered with outstanding service. Menu consists of; steamed crabs, platters, fresh seafood, sandwiches and homemade soups & salads. The company offers nationwide overnight shipping and onsite catering. Hours of operation are M-S 11am-7pm, closed on Sundays and December through the middle of March. The company prides itself with a long list of testimonials due to their “hands on” approach. This is a turnkey opportunity looking for the next generation of buyers ready to take advantage of a solid business with above average income. Excellent location and property lease with a beer & wine license. Some inside/outside seating available.
The ideal candidate should possess restaurant/food experience with no less than $250k cash down.
Location is only available upon a completed Non-Disclosure Agreement and Buyer Registration.
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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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