Asking Price: $2,200,000 Gross Revenue: $1,104,000Cash Flow: $300,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $15,000 not included in asking priceFF&E: $250,000 included in asking priceReal Estate: $1,450,000 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.
This is currently the most unique and profitable business we know of in this price range that also includes 1.45 million in real estate and that has an exceptionally well run semi-absentee/absentee ownership type model.
You are going to love this business as it is a party every day in a very unique way. People who can appreciate ways to de-stress and at the same time have fun with friends are a perfect fit for this business. The business model caters to people who get the health benefits of certain historical Eastern European style relaxation methods while also dining on great food will really be excited about this business.
This business was started by a seasoned professional with long-term experience in the restaurant and other related industries. This owner has an unparalleled reputation and the knack for fine-tuning his business entities to enhance the profitability as much as possible for each given circumstance.
This business is very unique and nothing else exactly like it even exists in the entire greater Chicago Metro area or even Midwest Region. There are a few other businesses that operate in a very similar way to an extent and would be considered competitors in the broad sense, though their proximity, size, and model make them a non-issue as they are more cost prohibitive to operate and have less to offer the customer. This business model has multiple income streams that allow for a somewhat diverse revenue model as compared to most models related to food & beverage, retail, recreation, on-site services, etc.
The business is housed in a building owned by the current operator/owner of the business and the interior space is approximately 4200 sq ft. The interior is divided into two distinct sections where a fast-casual style restaurant operates as a part of the business and serves as one key revenue stream and the other portion of the business is devoted to widely sought after recreation and relaxation facilities and/or services. The attached real estate accommodates approximately 20 cars on-site with ample street parking. The location is also conducive to public transportation.
About the Business
Number of Employees:
Building Sq. Ft.:
The business is housed in a building owned by the current operator/owner of the business and the interior space is approximately 4200 sq ft. The attached real estate accommodates approximately 20 cars on-site with ample street parking. The location is also conducive to public transportation as it is a major thoroughfare.
This business is very unique and nothing else exactly like it even exists in the entire greater Chicago Metro area or even Midwest Region. There are a few other businesses that operate in a very similar way to an extent and would be considered competitors in the broad sense, though their proximity, size, and model make them a non-issue as they are more cost prohibitive to operate and have less to offer the customer.
Growth & Expansion:
The current owner just raised the menu prices and also other pricing that a new owner will benefit from to an even greater extent in 2018. During the transition period, the current owner will advise a new owner as to other potential areas to explore in terms of additional services or options from an operational standpoint.
Marketing and advertising is one area that a savvy new owner can take better advantage of to enhance local exposure and to develop continual traffic.
Unique Lifestyle Destination with Fast Casual 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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