Asking Price: $310,000 Gross Revenue: $605,525Cash Flow: $110,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $3,500 not 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.
This well established Ventura restaurant and bar with liquor and patio is ideally located in an attractive beachside location. The quaint venue has developed a loyal following of residents and tourists that favor it for its quality food and atmosphere. The kitchen has a two story pizza oven, a double combination oven and stovetop, a two bucket deep fryer, salad prep table, dishwashing unit and a three bucket sink. The venue is in a popular foot traffic area and has 8 shared parking spaces, street parking and a nearby parking lot. While the company had been reported to be tracking down slightly in 2017 versus 2016, January and February of 2018 have been reported to be record months.
About the Business
Number of Employees:
Building Sq. Ft.:
This 2,330 square foot restaurant plus patio leases for $4,480 plus $635 in CAM (common area maintenance) expenses per month, on a lease until August 2022 with one 5 year option. All of the business's furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. Inventory will be sold at cost at close in addition to asking price.
While competition exists, there are few directly competing options for this type of quality dining experience in the immediate vicinity. As such, this venue has filled a market need and created a loyal customer following.
Growth & Expansion:
New operators may wish to capitalize on this venue’s stellar location, versatile build-out, bar, liquor license and patio to expand on the current concept or to implement any number of alternate concepts that may thrive
Ventura Restaurant & Bar w/Liquor & Patio – Attractive Location!
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or stake in the sale of this business and has not verified any of the information
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