Asking Price: $450,000 Gross Revenue: $1,419,471Cash Flow: $133,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed included in asking priceFF&E: Not Disclosed 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.
Extremely Profitable Upscale Italian restaurant for sale in East Jupiter. Established over 8 years as a high end Italian restaurant destination catering to the growing North Palm Beach County population. 4,400 sq. ft, plus outdoor patio. Seating for 150 inside and 50 on private patio. Over 200k invested in remodel in 2015. Sales exceed 1.4 million + Owner benefit 133k for 2017. Visa qualified. Experienced kitchen staff (Owner doesn't cook). Fully equipped kitchen with walk-in and custom pizza oven exposed to dining room. 3 yrs tax returns on file. 4COP SRX liquor licenses included. Very loyal clientele with strong happy hour. Numerous opportunities for increased sales. Preliminary approval for SBA 7(a) Loan, which may require down payment as little as 10% of purchase price if combined with Seller Note.
About the Business
Number of Employees:
Building Sq. Ft.:
Rent/Month (including CAM, Sales Tax, etc.):$13,947 Lease Expires: 10/31/2020 (Landlord Willing to Execute New Lease w/ 10 year term) Options: 2 Five-Year Size: 4,392 Square Feet Type: Upscale Shopping Center
Established in a prime East Jupiter location, this restaurant sits among other upscale restaurants in the booming East Jupiter district.
Growth & Expansion:
Many opportunities for growth, including dedicated manager/chef, full lunch service, delivery, catering, Sunday brunch, enhanced menu, enhanced food quality, etc.
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.