Asking Price: $60,000 Gross Revenue: $245,000Cash Flow: $40,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $2,000 included in asking priceFF&E: $40,000 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 traditional Middle-Eastern restaurant in a recently renovated end-cap space of a retail strip center is available for acquisition. This business was originally established by the current owner of the business in 2017. Most of the customers are middle-class employees that work in the numerous retail businesses that surround this area as well as densely populated residential neighborhoods that house many families that come during dinner hours. Net sales average was $240,000/year that has gradually increased over the last year of operation due to the renovations done to the facility when the current owner of the business first acquired this restaurant. Although no marketing is in place other than food review websites, the renovation of the business provided ample amount of marketing as the open kitchen concept combined with their freshly made menu items that is very attractive to the local customer base. Competition is expected for this type of business industry, but this business stands out from the competitors with their business concept that is modern as well as efficiently built for optimal customer service. There are many ways to proactively market this business such as direct mailing, social media outlets, catering service, delivery service, 3rd party delivery service, flyers, daily specials and placing a manager in place to supervise the business. A full-time owner-operator has many benefits that include the most common result of cutting unnecessary payroll expenses, but having a manager in place will provide its own benefits such as giving additional time to the owner to proactively market and manage the back-office work of the business. 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 operation.
About the Business
Number of Employees:
This business is located in a 1,000 SF end-cap space of a retail strip center that is surrounded by many retail businesses and a nationwide grocery store. As well as densely populated residential neighborhoods. All equipment is in impeccable condition and in working order.
Few competitors are within the immediate market area, but this business is known to provide top-notch service for their freshly made menu items that can easily be spotted from their open kitchen concept.
Growth & Expansion:
Majority of the customers during the lunch hours are middle-class employees from the nearby retail businesses and some families during dinner hours.
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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
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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