Asking Price: $300,000 Gross Revenue: $508,327Cash Flow: $43,981 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $20,000 not included in asking priceFF&E: $40,000 included in asking priceReal Estate: $150,000 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.
Steakhouse business and Real Estate for just $300,000. This full service restaurant is open only 25 hours per week with sales of $508,000 in 2016 with cost of good sold percentage of 53% in 2016. This well-established enterprise has been in business for over fifty years. The facility seats over 250 diners. It is well located on major highway and offers patrons plenty of parking. The business is very highly rated by customer reviews.
About the Business
Number of Employees:
1 FT/30 PT
Building Sq. Ft.:
Restaurant is 5400 sq ft building with new roof in 2014 that seats 250 and includes a full service bar and several dining areas making it ideal for separate private parties at one time. It also has a large kitchen and walk-in coolers and freezers and storage rooms. Restaurant is located on a major highway and has plenty of parking.
This restaurant has a great reputation and has been in business since 1962. Customers are drawn from beyond 30 mile radius. There are no other direct competitors within 15 miles.
Growth & Expansion:
The successful buyer could expand with lunchtime hours or be open additional days weekly to increase sales. A successor could also market the business more actively including using low cost social media or guerilla marketing methods. The new owner could invigorate the business implementing effective entrepreneurial practices.
Will train for 2 weeks @ no cost. Management, Food service, Chef, Cook, Culinary or related transferable skills or experience could be beneficial. Seller will orient and train a serious and motivated buyer. This full service establishment features a variety of steaks, seafood, ribs, chicken, pasta, salad bar and full 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
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