Asking Price: $115,000 Gross Revenue: $1,025,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $10,000 included in asking priceFF&E: $100,000 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.
New owner wanted to continue or open their own concept in a well-designed and flexible space in the City of Boulder.
After nearly 6 years, the current owner is moving out of state and is offering the chance to quickly establish your own profitable restaurant concept in a rapidly growing and great part of the city.
Enjoy regulars and locals over the tourist business at a fraction of typical build costs(which currently averages $200-$250/sq foot for new builds!) by using the existing space and the entire current furniture, fixtures and equipment assets. SAVE $100's/SQ FOOT! The tenant invested heavily into leasehold improvements and the space and fixtures present an engaging environment.
Landlord is willing to OFFER 3 MONTHS FREE BASE RENT to a quality buyer! Lease is $7622/month includes all NNN Expenses. An assignable lease is in place with 18 months remaining plus two-5 year options after at below Boulder market rates.
Take advantage of a FULLY TRANSFERABLE Hotel-Restaurant liquor license with NO VIOLATION history, eliminating the need to go through the time-consuming and burdensome process of securing a new license with the Boulder Liquor Authority.
The turnover time would ideally be early January 2019.
NDA needed to move forward.
About the Business
Number of Employees:
Building Sq. Ft.:
Lease Rate/Sq. Ft./Yr.:
All equipment, furniture, fixtures & supplies to run a restaurant for 80 people are included, plus a 4,000 person email list and social media pages. Free parking lot plus street parking available. Patio seating for an additional 30-40 guests in-season with NO RENTAL FEE!
Limited competition in the immediate area.
Growth & Expansion:
Growth in the area is high as one of the few remaining Boulder locations with already approved projects before the building height moratorium.
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
full Terms & Conditions.