A well-established bar, wings, burgers, live music & karaoke establishment in a great location! It’s well known for their mouthwatering menu, great customer service & fantastic surroundings. Separate smoking room attached. High-end location! Very profitable! Absentee Owner! Don’t miss it!
About the Business
Number of Employees:
Building Sq. Ft.:
Well laid out bar area with smoking lounge and patio outside. Dining tables as well 160 seating capacity including patio outside. Rent: $15,400/mo in total rent. Current lease expires in 2022 + 5 year option to renew.
$100k seller financing available over 18 months @ 6%
Ad Detail Views:
Asking Price: $400,000 Gross Revenue: $1,600,000Cash Flow: $180,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $30,000 not included in asking priceFF&E: Not Disclosed Share 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.
The information on this listing has been provided by either
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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