Asking Price: $295,000 Gross Revenue: $647,062Cash Flow: $202,068 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $4,000 included in asking priceFF&E: $50,000 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.
This Chinese restaurant has been at the same location for over 30 years. Current owner has been running this business for 4 years. It is a very profitable operation and is truly an owner absentee business model. It is a full service Chinese restaurant and it’s best known for its modern interpretation of classic oriental dishes and its insistence on only using high quality fresh ingredients. It offers exceptional quality and tasty Chinese cuisine in which drives business evenly through dine-in, pick-up and delivery. It becomes an iconic restaurant in the area with even very little marketing and advertising. It is an exceptional acquisition opportunity.
• 3,500 sf overall facility
• Dining area is designed for maximum occupancy with proper amount of space in between table sets
• Kitchen and all other equipment are in great shape
• Beautiful location in the heart of Fredericksburg and Spotsylvania
• Extremely high traffic road
• Current rent is very reasonable and is transferrable
• Parking space is very adequate
• Interior decoration is very modern Chinese design
Current signage can be reused
Turnkey Profitable And Owner Absentee Chinese Restaurant Acquistion
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