Asking Price: $245,000 Gross Revenue: $843,274Cash Flow: $96,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $10,000 not included in asking priceFF&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 restaurant is located close to Times Square and serves the theater crowd as well as the local neighborhood. Excellent reviews on social media.The dinner menu includes salads and pasta. Filet Mignon, NY Strip, Rack of Lamb, Skirt and Hanger Steak are some of the items customers rave about. They had a custom made grill and 10' hood installed when they took over. Seats 40 including the bar. Staff is unaware of a pending sale and should remain post sale. Place is packed on weekends. Keep the name and menu or introduce your own concept and take advantage of the beautiful buildout and nine years left on the lease. Rent is $13,500 per month plus $10,000 annual taxes. Nine years remain.
About the Business
Number of Employees:
Building Sq. Ft.:
800 square foot beautifully built out space on Manhattan's West Side. Has a 10' Hood with 6 burner Jade Stove/Oven. Jade Salamander, 6 foot custom gas grill with 10 burners
Growth & Expansion:
Only recently did the owner entertain delivery services. The delivery business is booming in Manhattan and the sky is the limit.
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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
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