This restaurant is located on number one north south artery and very close to interstate.It has been operating for 50 years and this is only 3rd owner.The dining room seats 90 inside and out side seating for 20.Their is a 12 year lease in place with the right of first refusal The Rent is currently $6000 all with 3% increases.The gross revenue is $1300000.00+ with net of $275000+ all figures can be substantiated.Hours of operation 5:30am-3pm seven days.Minimum down payment $275000.00 plus inventory.
About the Business
Number of Employees:
Building Sq. Ft.:
Kitchen has been completely revamped along with dining room
Asking Price: $595,000 Gross Revenue: $1,300,000Cash Flow: $275,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $25,000 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.
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