Asking Price: $27,500 Gross Revenue: $100,000Cash Flow: $7,000EBITDA: $11,500Inventory: $3,000 included in asking priceFF&E: $40,000 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.
The restaurant has four partners, two of which are retiring and wish to sale their share. Hence, the above sale price is for their 50% interest in one of Southport's most attractive restaurant opportunities. . However, the rest of the financial data is for the entire restaurant.
The restaurant is located on a main street in the coastal town of Southport, NC. It has excellent traffic, both car- & foot-traffic and has an outstanding reputation for friendly service and high-quality food (burgers, hot dog and sides). Please review their excellent customer comments in YELP and Trip Advisor.
All the equipment is less than than 2 year old and is still under its manufacturer's warranty. Currently, the restaurant only serves lunch however it is equipped to serve breakfast and dinner as well.
About the Business
Number of Employees:
Building Sq. Ft.:
Restaurant equipment includes 2-Freezers, 1-Refrigerator, 1-Hood, 1- Gas Grill with 3 Burners, 1 Pantry with 12 Bins, 1-French Fryer Drop, 1-French Fryer Freezer, 3-Sinks, 1 Washout Sink (outside), 3 Bar Stools, 4 Bench Tables with 4 matching umbrellas, 1 Picnic Table with 4 matching chairs, 1 Cash Register, 1 Tent
SOLD - Partners Have Sold Their Half Share in a Restaurant
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
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