Asking Price: $650,000 Gross Revenue: $1,500,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $15,000 not included in asking priceFF&E: $100,000 included in asking priceReal Estate: $900,000 not 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.
This business has developed two very unique brands to the Columbus market. They recently opened their second location next to the original restaurant and connected them internally. Both concepts are on fire and continue to see strong growth. There is a veteran management team in place and the businesses are fully staffed. This is a fantastic opportunity for someone to take over the reigns from an absentee owner and continue to drive the operation to it's full potential.
Acquisition of the restaurant concepts will include new leases on the space or an option to purchase the real estate.
This is a very confidential sale, so interested parties will be required to execute a Confidentiality Agreement and provide Proof of Financials.
About the Business
Number of Employees:
Building Sq. Ft.:
Two separate spaces side by side and connected internally for ease of operation and the capability to manage them independently. The concepts each have quaint dining rooms with seating up to 40 people, beautiful bars, and separate kitchens. Both kitchens have hoods and cold storage for product handling. There is a great patio in front of one of the concepts making this a prime hangout for the locals.
These are very desirable concepts in a market that supports boutique operations. There are other concepts in the market that support the independent style brands and continue to drive large volumes of visitors into the area.
Growth & Expansion:
Lots of opportunity to develop additional hours of operation, catering, and off-site delivery.
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.