Turn-Key Banquet &amp; Special Events Facility on Lake Erie
Asking Price: $775,000 Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed included in asking priceFF&E: Not Disclosed 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.
Turn-key special event & banquet center on Lake Erie now available for sale. 5,000+ SF well-maintained facility situated on a large lot with over 300' lake frontage. Facility features indoor seating for 200+, outdoor event areas, ample parking, public utilities & spectacular views. Package includes real estate, business, all equipment & goodwill. Non-disclosure agreement required for additional information (see attached). Contact agent for additional information.
Turn-Key Special Event & Banquet Center on Lake Erie
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