Asking Price: $395,000 Gross Revenue: $1,066,831Cash Flow: $73,809 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $125,000 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.
We are pleased to introduce a long established hometown restaurant & bar located in a beautiful part of Oakland County Michigan. Open since 1980, the business has been proudly providing exceptional service and is a hometown favorite located in a very up and coming downtown area. Well-known for their breakfast menu and open bar area with live entertainment and loyal following.
This restaurant café is immaculately clean and provides a cozy atmosphere for anyone to relax and enjoy a nice meal. Providing breakfast, lunch and dinner, cocktails and live entertainment, this is a great fit for every patron. Offering a family style café section that connects to a lounge as well as offering a small outdoor eating area. The owner has placed $20,000 in new equipment within the last year. Liquor license and all assets are included with the sale. Inventory, liquor and lottery are not included in the asking price.
This is a turn-key operation and is ideal for a family business or partnership with great work ethics and a passion for food. More information is available with signed Non-Disclosure. All buyers must show financial capability.
About the Business
Oakland County, Michigan
Number of Employees:
Building Sq. Ft.:
Currently the business operates out of unique corner leased space with access from both streets connecting restaurant and bar lounge through the interior door. Restaurant occupies 3,000 sq ft space plus full basement including complete prep area with favorable lease terms until 2028. Located in a cozy downtown area that is exploding with retail and residential development.
Although competition exists, the location is the key. The variety of services and atmosphere offered attract patrons with a local loyal following.
Growth & Expansion:
Plenty of opportunities for growth including catering and entertainment as well as hosting events.
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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