Asking Price: $200,000 Gross Revenue: $1,350,000Cash Flow: $193,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $5,000 included in asking priceFF&E: $80,000 included in asking priceReal Estate: 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.
Prime location high-end Italian restaurant with handmade recipes and known in the area for decades is available for acquisition. This business was originally established over three decades ago by the current owner of the business in 1985. Most of the customers are office employees from the nearby medical facility and families that live in the densely populated residential neighborhoods that carpet the city as the population grows. Net sales average was $1,330,000/year that has increased each year due to active efforts done on social media outlets and 3rd party delivery service. Although some marketing is in place that has actively grown the business over the last several years, other proactive marketing tactics is necessary to allow this business to reach full capacity in sales and customer acquisition. Competition is expected for this popular business industry, but all competitors within the immediate market area solely focus on pizzas while this business is a full-service Italian restaurant that offers handmade cuisines not available from the competition. There are many ways to proactively market this business such as direct mailing, flyers for apartments, better signage, social media outlets, catering services, in-house delivery service and hiring a manager to help the operation of the business. Placing a manager to help the flow of the business will be extremely beneficial in allowing the owner of the business more time allocated to marketing the business and actively increasing the customers that regularly come. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operations.
Listing ID #000684
For more info, please call Stephen Lee at 1-866-519-2421.
About the Business
Denton County, Texas
Number of Employees:
This business is located in a 5,200 SF retail strip center that is very easy to spot from the street and is surrounded by many residential areas that is currently utilized for delivery service. All equipment is in impeccable condition and in working order.
Few competitors are within the immediate market area, but the competition is solely focused on pizzas rather than full-service Italian restaurant with a variety of main entrees.
Growth & Expansion:
Some marketing is in place through coupons and word of mouth, but other proactive marketing methods needs to be utilized to grow the business further.
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