Asking Price: $695,000 Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $10,000 included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: 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.
Sunbelt Business Brokers of Northeast Louisiana presents this business for sale that has stood the test of time with exceptional food, passionate owners, excellent customer service, and loyal customers. Look no further. Sunbelt Business Brokers of Northeast Louisiana presents an opportunity to own a very well-known restaurant that has enjoyed 40 years of success with strong revenues and cash flow. This very popular Steak & Seafood Restaurant has a proven track record and expansion opportunities. Currently the business is only open for lunch two days per week and Monday thru Saturday from 4 pm - 9 pm for Dinner. The new owner may consider opening additional days and hours to increase revenues and profits. This business has maintained steady revenue and cash flow for several years and will share their financial records with qualified buyers signing a confidentiality agreement.
This bustling restaurant is located on a busy 4-lane highway that provides plenty of opportunity to entice customers in for a memorable dining experience. The real estate includes an approximately 5,600 square feet of building space located on 4 acres that will be included with the sale of the business. The large dining area is easily divided to accommodate private dining for most any size group. One large private dining area is also provided for various functions, occasions, and parties. The new owner will have plenty of seating inside with a max capacity of approximately 150 customers. A large parking lot handles the busy weekend dining crowds.
All of the menu items that have been developed over the years are delicious. Their recipes are exceptional. The owners have agreed to pass on to the new owner these well developed recipes which are well known throughout the South. The full kitchen staff and waitresses are long time employees and plan to stay and grow with the new owners. The present owners have simply reached a place in their lives where retirement is their next step.
Buyers will have to search long and hard to find a unique restaurant opportunity like this one. This is a turn key business opportunity for the right buyer. The new owner will have the opportunity to grow and put their own take on an already successful restaurant. Are you ready to find out more about this business? To do so call or email Gary today at (318) 614-4101 or email@example.com for additional information and next steps.
Successful Steak & Seafood Restaurant with Real Estate in NE Louisiana
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